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US imposes duties on Indonesian polyester yarn

US duties on polyester yarn from Indonesia has become an obstacle to export of Indonesian textile and textile products and comes at a time when the industry is trying to boost its export market across the globe including the US. The imposition of fairly large import duties makes filament yarn more expensive and is a burden for importers in the US. To continue export market growth, the textile and textile products industry is now focusing on expansion to develop products in accordance with the wishes of buyers, which are currently more focused on green and functional products.

Indonesia is also reeling under coal prices. When global coal prices soar, domestic industries that primarily use coal such as cement, petrochemical and textiles experience difficulties. These are all energy-intensive industries. If prices of products rises it reduces competitiveness. If competitiveness decreases, income also decreases. If product prices go up, and competitiveness is weak, companies have to reduce their working capital and that means reducing the workforce. The textile industry wants the government to take emergency policies to maintain the sustainability of the user industry. 

 

 
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