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Indonesia: APT expects textile exports in 2019 to reach $15 billion

The Indonesian Textile Association (API) expects textile exports in 2019 to reach $14 to $15 billion. In 2018, the association exceeded its export target of $13 billion to reach $13.5 billion. API feeks, in 2019, the condition of world economy will be better. The government has also begun to working on trade agreements with Europe, especially EFTA countries namely Switzerland, Liechtenstein, Iceland and Norway.

These will open market access to Europe, although not all European countries. Alongwith exports, domestic sales will also continue to grow. These domestic sales still face with the challenges from imported products that continue to enter the market. In 2018, the volume of imported products dropped to 20 per cent due to government policies that limit imported products. At present, the percentage of these imported products is decreasing.

 

 
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