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Stake Holder : Textile Industry Needs Fundamental Changes

The government has been urged to apply a harmonized tariff structure from upstream to downstream for the textile and textile products (TPT) industry. Ideally, the imposition of import tariffs on downstream products should be higher than those for upstream products.

The textile and textile products (TPT) industry is considered to be able to recover from Covid-19 for a longer time than other industries.The Oxford Economics Global Industry Outlook predicts that the textile industry in a number of developed countries such as the United States, Europe, Japan and China will recover the fastest in 2023.

The proposal for the implementation of safeguards for garment products that was intensely discussed was said to have entered the decision-making stage.The Ministry of Trade said that policy support for the garment industry is needed in the midst of economic conditions that are still in the recovery stage.