Jakarta (Antara Bali) - Indonesia's textile and textile product imports are estimated to have dropped three percent during the first quarter of 2012 compared with the corresponding period from one year earlier, according to a textile businessman.
"It is expected that Indonesia's textile and textile product imports in the first quarter of this year will drop by three percent," Chairman of the Indonesian Textile Businesses (API) Ade Sudrajat said here on Thursday.
He noted that China still dominated Indonesia's textile imports, accounting for about 60 percent of total imports.
As a result of the ASEAN-China Free Trade Agreement (ACFTA), China's textile products have flooded the Indonesian market.
"Indonesia faces difficulties in competing with China over textile products because China's firms produce in large quantity," he noted.(IGT)
Textile Imports Drop By 3 Percent
Kamis, 12 April 2012 20:21 WIB
