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Indonesia plans to impose high tariffs on textiles, clearly not targeting specific countries
Release time:2024-09-30 Source: Qingqiao Number of views:

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

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According to mainstream media in IndonesiaTEMPO reported that Luhut Binsar Pandjaitan, the Indonesian Minister of Ocean Affairs and Investment Coordination, elaborated on the government's decision background last Friday (5th). He emphasized that the purpose of imposing high tariffs is to protect the healthy development of Indonesia's domestic 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.

Minister Luhut firmly denied concerns from the outside world that the policy may target specific countries. 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 relations 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 supply chain and trade pattern to some extent, but it also provides a rare development opportunity for Indonesia's domestic 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 requires careful evaluation of the various impacts and consequences they may bring. 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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