INDONESIA YARN DUTY COULD DAMAGE TEXTILE SECTOR WARNS INDUSTRY ASSOCIATION
July 5th, 2014
A proposed antidumping duty on imported yarns being considered by the Indonesian anti-dumping agency (KADI) could increase production costs, eroding Indonesia’s competitive edge, the chairman of the Indonesian Textiles Association (API) Ade Sudrajat has warned.The committee’s inquiry was sparked by a petition from a group of Indonesian yarn producers, including Indorama and Asia Pacific Fibers, who say they are being undercut by foreign companies aggressively entering the market, selling yarn below cost price and allegedly breaking World Trade Organisation ...
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