Tag: Indonesia-european union

Indonesia : The next world’s leading textile producers

Indonesia : The next world’s leading textile producers

China was a main producer of textile and textile product in the world, however since 2009 Indonesia started to rise as a new competitor, some economist has predicted that Indonesia could be the world leader of textile producer. In 2011, investment realization has reached to IDR 2.4 trillion while five years later it grows to 7,5 trillion in the same year the national income from textile reached USD 11,9 million. The challenge for Indonesian textile industry is that most of the garment industries in Indonesia are still using an old machines, whereas the Leading country like China is upgrading their technologies in all of the sector including textile. Nevertheless, the country has the bright future for its textile industry thanks to the new free trade agreement with European Union that will be applied in 2018.