ID :
34965
Wed, 12/10/2008 - 20:37
Auther :
Shortlink :
http://m.oananews.org//node/34965
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RI'S TEXTILE EXPORTS PREDICTED TO DROP IN MAY 2009
Jakarta, Dec 10 (ANTARA) - Indonesia's exports of textile and textile products will remain good until April 2009 but are to start slowing down in May when demand will diminish, a senior trade official predicted.
"Until October 2008 exports have remained quite good. Until April 2009 they will still be okay but in May demand will begin to taper off," the director general of overseas trade at the ministry of trade, Diah Maulida, said at Indonesia Apparel Network 2008: Link and Match Meeting here on Wednesday.
She said in the current global financial crisis all exporting countries would experience a slowdown in foreign demand, forcing them to seek new markets.
She said those exporting countries were now targeting Indonesia as a new export destination offering a big market. Therefore, she said, local textile and textile products must compete for dominance in the domestic market.
She said the goverment would improve the domestic business climate by among other things improving port logistics to avoid high cost.
She said illegal levies were among the problems that had created high cost and therefore every week acting coordinating minister for the economy and her team were monitoring conditions in ports.
She said Indonesia was the world's fourth largest exporter of garments while China remained the champion in textile and textile product exports.
She said the country's closest competitors were Vietnam and Mexico which had a North American Free Trade Agreement with the US.
In terms of textile production, she said, Mexico's position was not quite good while the US was ranked 10th. China, India and Pakistan were ranked quite high while Indonesia ranked 16th in the world.
Corroborating Maulida's statements, the executive director of Indotextiles company, Redma Gita Wiraswasta, said US textile and textile product imports would affect the world's exports as 15 percent of the world's textile and textile products were taken by the US.
Redma however was optimistic Indonesia still had a market in the US although it would shrink.
"If US imports drop, all will drop. We still have a market opportunity in child clothing but we will face strong competition from Bangladesh and India," she said.
She predicted, if inflation in the US reached four to
five percent in 2009, Indonesia's textile and textile product exports would not be threatened but if US inflation rose above five percent, Indonesia would be in trouble.
"Indonesia will be the victim. China and Mexico have already become victims while Vietnam is still strong," she said.
She said if president-elect Barack Obama was able to promote his country's real sector, the US economy could recover in the third quarter of 2009 but if he failed, the recession could last until 2010.
"I see Obama as already having given positive signals by helping the auto industry. This is a factor that will clearly influence their economy," Redma said.
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"Until October 2008 exports have remained quite good. Until April 2009 they will still be okay but in May demand will begin to taper off," the director general of overseas trade at the ministry of trade, Diah Maulida, said at Indonesia Apparel Network 2008: Link and Match Meeting here on Wednesday.
She said in the current global financial crisis all exporting countries would experience a slowdown in foreign demand, forcing them to seek new markets.
She said those exporting countries were now targeting Indonesia as a new export destination offering a big market. Therefore, she said, local textile and textile products must compete for dominance in the domestic market.
She said the goverment would improve the domestic business climate by among other things improving port logistics to avoid high cost.
She said illegal levies were among the problems that had created high cost and therefore every week acting coordinating minister for the economy and her team were monitoring conditions in ports.
She said Indonesia was the world's fourth largest exporter of garments while China remained the champion in textile and textile product exports.
She said the country's closest competitors were Vietnam and Mexico which had a North American Free Trade Agreement with the US.
In terms of textile production, she said, Mexico's position was not quite good while the US was ranked 10th. China, India and Pakistan were ranked quite high while Indonesia ranked 16th in the world.
Corroborating Maulida's statements, the executive director of Indotextiles company, Redma Gita Wiraswasta, said US textile and textile product imports would affect the world's exports as 15 percent of the world's textile and textile products were taken by the US.
Redma however was optimistic Indonesia still had a market in the US although it would shrink.
"If US imports drop, all will drop. We still have a market opportunity in child clothing but we will face strong competition from Bangladesh and India," she said.
She predicted, if inflation in the US reached four to
five percent in 2009, Indonesia's textile and textile product exports would not be threatened but if US inflation rose above five percent, Indonesia would be in trouble.
"Indonesia will be the victim. China and Mexico have already become victims while Vietnam is still strong," she said.
She said if president-elect Barack Obama was able to promote his country's real sector, the US economy could recover in the third quarter of 2009 but if he failed, the recession could last until 2010.
"I see Obama as already having given positive signals by helping the auto industry. This is a factor that will clearly influence their economy," Redma said.
***2***
