TPT being revitalized to boost Indonesian exports
Data from the Geneva-based International Trade Centre show
that the value of Indonesia’s apparel and clothing accessories
exports declined by almost 4% to US$3.3 billion in 2015 from
3.42 billion in 2014, thus, the Indonesian exports may get an
impetus because of the government’s policy to revitalize the TPT
The Indonesian government is planning to ease import
procedures to improve the competitiveness of local businesses
with regional competitors like Vietnam, which has no import
tariff, as opposed to Indonesia’s fees of 5%-20%.
President Joko “Jokowi” Widodo said that the import
procedures must be simplified for Textile and textile product (TPT)
raw materials to lift the burden off businesses. The TPT
industry was in need of immediate revitalization to push further
He added that many industrialized countries in Asia, like
Japan, China and South Korea, started their industrialization
efforts by developing the TPT manufacturing industry.
Efforts are thus made to streamline the process of importing
raw materials for textile and textile products (TPT) in order to
rejuvenate the labour-intensive industry, which has been
struggling with the fierce global competition.