Indonesia may ease procedures for raw material import

08 Dec '16

1 min read

In order to boost the competitiveness of the domestic textile industry, the Indonesian government is likely to ease procedures for importing raw materials. President Joko Widodo has instructed the relevant ministries to take necessary steps in this regard. Textile raw materials entering Indonesia currently attract import duty of 5-20 per cent.

The government must simplify import procedures for import of raw materials used in the textile and apparel industry, to lift the burden off businesses, Widodo said at a Cabinet meeting, a leading Indonesian daily reported.

The Indonesian textile and clothing industry is facing severe global competition and its exports dropped by nearly 4 per cent to $3.3 billion in 2015.

Indonesian regional competitors like Vietnam impose no import tariff on textile raw materials. (RKS)

ALCHEMPro News Desk – India

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