Thursday, 17 October 2019

Textile Exports Rise despite Global Economic Turbulence

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  • Buruh bekerja di pabrik tekstil. REUTERS/Stringer

    Buruh bekerja di pabrik tekstil. REUTERS/Stringer

    TEMPO.CO, Jakarta - Indonesian Textile Association chairman Ade Sudrajat said Indonesian textile exports had grown by three to four percent despite the global economic turbulence. “Exports rose despite the global economic slowdown,” Ade told Tempo at the JI Expo Kemayoran in Jakarta on Friday, October 18, 2013.

    Ade said textile and textile product (TPT) exports were predicted to reach US$13 billion this year, adding that the realization of TPT exports to August had seen US$8.6 billion. “Increasing by 1.7 percent year-on-year,” he said. Ade added, however, that the year’s exports were still lower than those of 2011, which hit US$13.3 billion.

    Ade said the TPT industry contributed significantly to the nation’s foreign exchange, thus measures to improve the industry’s performance were necessary ahead of the ASEAN Economic Community in 2015. “We have to enhance our competitive edge,” he said.