Monday, 28 July 2008

Export of textile and its products shifted to Europe

The Indonesian producers and exporters of textile and its products (TPT) start to shift their export market from the United States to the EU countries and Japan, following the economy recession in the United States that has decreased their demand up to 30%. Up to now the US has become the main export destination country for Indonesian TPT products that worth US$4.3 billion per year or 43% from total of the TPT export. (Bisnis Indonesia, Wed May 21, p. T2)

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