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Stake Holder : Textile Industry Needs Fundamental Changes

The Indonesian Textile Association (API) stated that the national textile and textile product (TPT) trade balance surplus is believed to grow positively again in 2020. However, the growth of the textile industry as a whole will still move in the red zone due to the Covid-19 pandemic.

The apparent growth of the textile industry and textile products (TPT) sector is a challenge for the Trade Minister Muhammad Lutfi to solve the problem. The import-driven growth of the textile industry has resulted in hundreds of factories out of business in the last 3 years. The high growth in textile imports as a result of trade policies that are considered pro-import also results in low investment.

Advisor to the Prime Minister of Trade and Investment of Pakistan Abdul Razaq Dawood stated that the country's exports in December 2020 increased 18.3 percent to US $ 2.36 billion compared to US $ 1.99 billion in December 2019.

PT Asia Pacific Rayon (APR) invites all textile and textile product (TPT) industry players to contribute in making the TPT industry roadmap. APR proposes that sustainable supply chains be the focus of the roadmap.

PT Argo Pantes Tbk (ARGO) is optimistic that operational and financial performance in the next year will improve, because the government will soon impose import controls on textile products with new regulations.