Home / Knowledge / News / Textiles / Chinese envoy stresses on positive impact of FTA
Chinese envoy stresses on positive impact of FTA
17
Apr '10
China has defended itself over being accused by the Indonesian manufacturers that, the latter might suffer from complete implementation of the free trade agreement between ASEAN and China.

Instead of worrying over the negative impact of the agreement on Indonesian products, the Indonesian goods producers should rather discuss ways of taking advantage of ASEAN-China Free Trade Area (ACFTA), advised, Zhang Qiyue, Chinese Ambassador to Indonesia.

Speaking during a press conference in Indonesia's Chinese embassy, Qiyue also said that, currently China is accused for all the difficulties faced by Indonesian manufacturers. He said, “We must instead, analyse the core issues and list out the challenges faced by these manufacturers, if any.”

Refuting allegations of Chinese goods flooding the market and affecting the Indonesian industries, he continued, “I want the industries and people of Indonesia to understand the situation and not believe in such market rumours.”

Early this year, the Indonesian government, successfully cancelled 6,682 tariff lines in 17 sectors that include 12 manufacturing sectors and five other in the agriculture, maritime and mining sectors, under ACFTA.

Indonesian government is under attack from its manufacturers, for not helping them enough. Thereby, putting their future at stake, by fully implementing ACFTA, that might lead to flooding of the Indonesian markets, with low-priced Chinese goods.

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X