Textile industry export target worth 30 billion dollars in 2025

Oleh : Herry Barus and Aldi Firhand. A | Senin, 17 September 2018 - 21:50 WIB · 1 menit baca Baca versi lengkap →

INDUSTRY.co.id - Bandung - Minister of Trade Enggartiasto Lukita supports the achievement of the export increase target set by the textile and textile products (TPT) industry up to 30 billion US dollars by 2025.

"We need a bigger market. We hope our 30 billion US dollar roadmap can be achieved by 2025. It must be faster, he said.

According to him, expanding access to export markets can be done through various means, such as accelerating the Indonesia-EU Economic Partnership negotiations or the Indonesia-EU Union Comprehensive Partnership Economic Agreement (Indonesia-EU CEPA).

Ade added that the market share of Indonesian textile products in Europe has only reached 2 percent now, while Europe has a large market. With the signing of Indonesia-EU CEPA, Ade is optimistic that the figure could rise to 5 percent so that the target of increasing exports can be achieved.