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Indonesia plans to impose high tariffs on textiles, specifying that they are not specific to specific countries
Release time:2024-07-11 Source: Qingqiao Number of views:

The Indonesian government recently announced a policy initiative that has attracted widespread attention from the global textile industry——Plan to impose up to 200% protective tariffs on textiles. This news immediately sparked heated discussions and speculations worldwide, especially regarding whether Indonesia's move is intended to target specific countries, especially textile exporting countries like China. However, the Indonesian government quickly responded by making it clear that this decision is not targeted at any specific country, but is based on a comprehensive consideration of national interests.

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According to mainstream Indonesian mediaTEMPO reported that Indonesian Minister of Ocean Affairs and Investment, Luhut Binsar Pandjaitan, elaborated on the government's decision-making background last Friday (5th). He emphasized that the purpose of imposing high tariffs is to protect the healthy development of Indonesia's local textile industry, enhance its competitiveness in the international market, and thus safeguard Indonesia's national economic interests.

Minister Luhut further pointed out that this decision was made after careful consideration by the Indonesian cabinet last monthThe document, officially passed on the 25th, aims to provide necessary support and protection for the domestic textile industry through policy measures.

When discussing concerns from the outside world that the policy may target specific countries, Minister Luhut firmly denied it. He clearly pointed out that the Indonesian government has always adhered to an open and inclusive trade policy, and is committed to establishing and developing friendly and cooperative relations with countries around the world. He emphasized the comprehensive strategic partnership between China and Indonesia in the fields of trade and investment, and stated that Indonesia will continue to be committed to maintaining this relationship based on the principles of mutual trust, respect, and complementarity.

Minister Luhut also pointed out that China, as an important trading partner of Indonesia, plays an irreplaceable role in Indonesia's economic development, and the Indonesian government will not and will not allow any policies to harm the friendly relationship between the two countries.

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Analysts point out that Indonesia's decision to impose high tariffs on textiles may have an impact on the global textile industry's supply chain and trade pattern to some extent, but it also provides rare development opportunities for Indonesia's local textile industry. Through policy support and protection, Indonesian textile enterprises are expected to further improve product quality and brand influence, gradually occupying a larger share in the international market.

However, some experts also remind that the implementation of high tariff policies needs to be carefully evaluated for its potential impacts and consequences. While protecting domestic industries, it is also necessary to avoid unnecessary interference and obstacles to international trade and investment.

Therefore, the Indonesian government needs to closely monitor market dynamics and reactions from all parties during the implementation of this policy, adjust and improve policy measures in a timely manner, to ensure that it can achieve the expected policy effects while maintaining Indonesia's international image and reputation.


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