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Jul 03, 2024 04:47 AM
WORLD

Indonesian Textile Companies Ask for Protection as Chinese Goods Flood in

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Indonesian textile associations asked the government to step in after imports surged
Indonesian textile associations asked the government to step in after imports surged

(Bloomberg) — Indonesia is preparing to impose tariffs and use other means to protect its textile industry from imports from China, the latest in a series of nations responding to the flood of goods from the world’s largest manufacturing nation.

Local textile associations asked the government to step in after imports surged, hurting their business. The trade safeguards committee is investigating the issue and once they report the government will decide how to respond, Budi Santoso, the trade ministry’s director-general of foreign trade, said on Monday.

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