The Indonesian Textile Association (API) is committed to support and contribute to the government’s program in balancing position of the trade balance between Indonesia and the United States. One of the efforts undertaken is to increase the volume of textile and garment exports, in addition to the cotton imports from the US, API chairman Ade Sudrajat said.
The potential for textile exports to the US is still very large because the volume of American textile imports from Indonesia is still in the range of 5 per cent of the total volume of American textile and garment imports, he emphasised.
However, Indonesia’s utilisation of production capacity is not optimal. To continue to expand export opportunities, the API organises business meetings with the US Cotton Council International (CCI), cotton producers and major US buyers of Indonesian textile and garment in several US states, according to an Indonesian media report.
The API went there because it was supported by PT. Bank Rakyat Indonesia (Persero) Tbk through its Foreign Work Unit, BRI New York Agency (BRINYA).
- Market Reports2023.01.28THE YARN BAZAAR TIMES
- Business & Policy2023.01.28Business Confidence in India on the Rise, Despite Sequential Decline in First Three Quarters of Fiscal Year 2022-23: NCAER
- Finance & Economy2023.01.28Nepal: Economy Flashes Signals of Hope
- Fibres and Yarns2023.01.28CITI hails the Government’s decision to extend VSF QCO implementation by 60 days