Trade Ministry to Investigate the Imported Textiles Leakage

By Editorial Team 07/10/2019
Summary

The flood of imported textile products might be the cause of the textile industry's slowdown. However, not every imported textile has entered the country legally. The Trade Ministry is currently investigating the possibility of imported textiles “leakage” from the Bonded Logistics Centers (PLB) supposedly used as raw or auxiliary materials and not entering the retail market.

The Trade Minister, Enggartiasto Lukita, admitted that he had formed a special task force to investigate the problem. The task force consisted of delegations from the Trade Ministry, Industry Ministry, Finance Ministry’s Customs and Excise Directorate General, and the stakeholders of the industry. The task force would investigate the flow of goods in several PLB’s warehouses as well as audit the performance of the companies holding the importer-to-producer identification number (API-P). Some of the companies allegedly leaked the imported textiles intended to be the raw materials, auxiliary materials, or reused for export purposes to the retail market.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.