The Indonesian government is seeking a bilateral agreement with the United States to boost its volume of textile exports. As currently, the US imposes a 12.5 percent import duty for their textiles, while it imposes zero percent for Vietnamese textiles because they already have a bilateral agreement, said Industry Minister Airlangga Hartarto in Jakarta on Thursday.
Recently, a commercial dialogue–a forum has also been established that encourages the private sector to explore investment and trade opportunities in both countries.
The ministry’s industrial resilience and international access director general, Harjanto, said that Indonesia had discussed various issues with the US through the Trade Investment Council (TIC) forum.
The TIC consisted of four working groups on industrial and agricultural products, illegal logging and associated trade, intellectual property rights, and investment.
Currently, the dialogue focuses on several issues, including investment climate, trade expansion, small and medium enterprises, entrepreneurship, clean energy and industrial cooperation.
Samantha Ruth Prabhu has launched Mile Collective, an activewear and lifestyle brand, in partnership with co-founders Harshita Motaparthi and Pravishta…
Covation Biomaterials has announced plans to sell its stake in the Primient Covation business, which produces 100 percent bio-based 1,3…
Archroma and HeiQ have signed a co-marketing agreement to jointly offer sustainable anti-odor and antimicrobial textile technologies to markets worldwide.
The Hong Kong Polytechnic University (PolyU) has developed new soft magnetorheological textiles that could have wide applications in future smart…
Levi Strauss has introduced a new clothing repair initiative designed to encourage high school students to take an active role…
Silk clothing and accessories brand Anaphe is unveiling ReWritten, a collection that reimagines denim using silk, femininity and effortless modern…