Posted by: mel | January 3, 2010

Chinese textile products too cheap, claim Jakarta traders

Jakarta Post ,  Jakarta | Business | 3 January 2010

The ASEAN-China free trade agreement, which took effect Jan.1, will threaten the domestic textile industry players, because the Chinese goods are far cheaper than local products.

“For instance, we can sell a finished Chinese-made item for Rp 65,000 [US$7], but for that price we can only sell the raw material of a similar local product,” Asril, a trader at Tanah Abang Market, said as quoted by kompas.com.

He added traders would continue to sell Chinese-made products for that very reason.

The ASEAN-China FTA applies to China, Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand.

In 2015, the FTA will also extend to Cambodia, Laos, Myanmar and Vietnam.

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