Search Results for: Indonesian

A senior Canada metal industry association has called on its government to continue ratifying the Trans-Pacific Partnership (TPP), despite US President-elect Donald Trump’s commitment to withdraw the US from the trade deal on his first day of office.

“We definitely still support Canada moving forward with the TPP, even without the US.…

A senior official at Indonesia’s industry ministry has told WTiN.com of its plans to boost the effectiveness of newly established warehouse storage systems for textile industry inputs, helping the country’s manufacturers source supplies swiftly and efficiently.

Achmad Sigit Dwiwahjono, the industry ministry’s director general of chemical, textile and various industries, hailed the government’s new bonded warehouses, where supplies can be admitted without paying excise duty, as a major advance, hailing improvements in operations facilitated by a cotton handling logistics centre.…

The chairman of the Indonesia textile association (API – Asosiasi Pertekstilan Indonesia) has welcomed his government’s initiative to open bonded logistics centres, saying that they will reduce textile manufacturers’ logistics costs by as much as between 25% and 35%.

Indonesian President Joko Widodo inaugurated 11 bonded logistics centres earlier in the year as part of a series of economic reforms designed to boost trade in southeast Asia’s largest economy.…

top official at Indonesia’s industry ministry has told WTiN that his government plans to give various incentives to the country’s textile industry to encourage exports and competitiveness in the global marketplace.

The ministry’s director general of international industrial cooperation Mr Harjanto (NOTE HE HAS ONE NAME ONLY) said officials were exploring the idea of applying energy cost refunds subsidising electricity bills for manufacturers who want to export textile products.…

Non-wovens textile manufacturers are likely to benefit from a soaring Chinese market for their products, thanks to a fast ageing population, the government’s recently launched two-child policy, and demand created by air pollution that continues to plague the country, and international conference in Shanghai has head.…

Indonesia’s personal care product sector is faring well at first glance, with domestic sales more than doubling in size in value terms over the past five years. Multinational companies see it as a lucrative market, while local firms also seem to hold their own.…

MALAYSIAN Prime Minister Najib Razak has come under renewed pressure over allegations that he personally profited from a sovereign wealth fund, after the US Department of Justice (DoJ) announced it would seek to recover more than USD1 billion in “misappropriated assets”.…

WORKFORCE DEMOGRAPHICS

East Asia is a very varied region in terms of economic development. Take the 10 members of trade bloc ASEAN (the Association of Southeast Asian Nations): with 632 million people, demographics greatly vary, from aging Singapore and Thailand, to the younger and emerging economies of Indonesia, Cambodia, Vietnam, Malaysia and the Philippines.…

The Indonesian Textiles Association (API – Asosiasi Pertekstilan Indonesia) has told WTiN.com that it enthusiastically endorses the opening of negotiations between the European Union (EU) and Indonesia to forge a Comprehensive Economic Partnership Agreement (CEPA) free trade deal.

The goal of the talks announced in July will be to create an agreement that goes beyond traditional agreements that focus on duty and quota abolition, to include removing non-tariff barriers through regulatory mutual recognition and harmonisation.…

Metal traders will be examining new trade talks between the European Union (EU) and Indonesia, with negotiators targeting non-tariff red tape that has been hindering Indonesian exports to Europe of its key tin reserves.

The talks, announced last month (July) will begin later this year and Indonesian non-ferrous metal exporters could benefit from the abolition of tariffs and other trade barriers.…