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Indonesia, US to boost textile and apparel trade

Indonesia and the United States will strengthen trade relations. They have agreed to develop a road map to realize increased trade. The two countries will further enhance bilateral relations by building strategic partnerships amid the current dynamics of global trade. The arrangement will involve the private sector of the two countries.

In particular textile and textile products businesses have agreed to increase trade. The proposed target is 50 billion dollars. The total value of Indonesia's trade with the US reached $25.9 billion in 2017. Of this, Indonesia’s exports was $17.79 billion and imports amounted to $8.12 billion. Thus Indonesia’s trade balance against the US surplus was $9.67 billion. Indonesia is committed to making textile and garment industry a top export priority.

One of the points of cooperation in the field of textile and textile products is the opening of market access for both countries. The US will export cotton to Indonesia as raw material for textile products. And Indonesia will increase exports of textile products to the US. The assumption is that the US can export more cotton to Indonesia if the latter exports more garments and textile products to the US.

 
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