Indonesian Parliament Calls For Lending To Protect Textile And Garment Industry
The Sixth Committee of the Indonesian parliament urged the government to immediately protect the 5 industrial sectors through lending facilities, so as to avoid being threatened by the China ASEAN FTA.
Sixth members of the committee, Mr. Peng, said that according to the analysis results of the Congressional competitiveness Committee, the 5 areas threatened include the field of electronic products, furniture, metal and metal products, machinery,
Textile and clothing
And textiles.
He urged the Ministry of industry to improve co-ordination and loan facilities in protecting Indonesia's industries threatened by the FTA.
He thought
Failure of central bank to cut interest rates
The industry is disappointed.
He points out that the rate of business capital in Indonesia is higher than that in other countries, such as China, which has just raised interest rates from 5.31% to 5.56%, and the interest rate is far lower than the Indonesian loan annual interest rate of 9% to 16%.
On the other hand, he pointed out that Singapore, Malaysia, Hongkong and South Korea were flooded with Indonesian goods, and Indonesia's small and medium-sized enterprises were unable to stand up for fear of accelerating the collapse.
He said that Indonesia's small and medium enterprises, regardless of capital, management, human resources,
Raw material
It is impossible to compete with foreign countries in terms of production or market operation, but the government remained indifferent during this period.
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