July 13, 2024
Policies

Indonesia Imposes Import, Anti-Dumping Duties on Textiles Amid Industry Downturn

President Joko Widodo’s government has decided to impose safeguard import duties and anti-dumping measures on textiles, responding to severe challenges in the domestic industry. This move comes after reports of numerous closures of textile companies, resulting in approximately 150,000 job losses.

Trade Minister Zulkifli Hasan announced the decision following a meeting with the President in Jakarta. Discussions with Finance Minister Sri Mulyani Indrawati are expected to finalize the regulation within three days.

“We have addressed industry complaints regarding closures and impending layoffs,” Zulkifli stated. “The policy, targeting textiles, ready-made clothing, electronics, footwear, and ceramics, aims to protect local businesses.”

The regulation, likely an amendment to Permendag No. 8/2024, seeks to counteract disruptions caused by relaxed import permits affecting various sectors, including textiles.

Executive Director of the Indonesian Textile Association, Danang Girindrawardana, emphasized the importance of industry protection amidst concerns over economic impact and employment.

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