Explanation of Minister of Industry Agus Gumiwang's Collision with Minister of Finance Sri Mulyani Regarding Layoffs in the Textile Sector

Minister of Industry Agus Gumiwang Criticizes Minister of Finance Sri Mulyani for Inconsistency, Turns Out It's Because of This

Dream - Minister of Industry (Menperin) Agus Gumiwang Kartasasmita sees the inconsistency in the statement of Minister of Finance (Menkeu) Sri Mulyani Indrawati regarding trade restrictions. Menkeu considers trade restrictions to be one of the causes of the increase in layoffs in the textile sector with the policy of lifting the ban and restrictions (Lartas) on downstream textile products such as finished garments and accessories.

The discussion on layoffs in the textile industry was revealed during a working meeting with the Regional Representative Council (DPD) of Indonesia some time ago. According to Agus, the implementation of Lartas through the provision of Technical Considerations for imports is a strategic step in controlling the entry of competitor products into the domestic market.

Explanation of Minister of Industry Agus Gumiwang's Collision with Minister of Finance Sri Mulyani Regarding Layoffs in the Textile Sector

"Considering the slow establishment of control policies on the import of downstream products by the relevant ministries, especially the Ministry of Finance,"

The text translates to: "The word Menperin is quoted from Liputan6.com, Friday, June 21, 2024."

"To maintain the productivity and competitiveness of the Textile and Textile Products (TPT) industry domestically, the Ministry of Industry strives to ensure the availability of raw materials and/or auxiliary materials. Other efforts include enhancing the human resources capacity in the industry and implementing Making Indonesia 4.0 in the TPT sector."

Kemenperin is also continuing efforts to continue the recovery program for the textile, clothing, and textile industry, as well as promotion and increasing domestic demand through the Proud of Indonesian Made campaign. "These steps are taken to maintain performance and prove the inaccuracy of the sunset industry stigma that has been labeling the textile, clothing, and textile sector," said the Minister of Industry.

However, Agus agrees with the statement from the Minister of Finance which states that the practice of dumping is one of the causes of the decline of the domestic textile and textile products industry. The Ministry of Industry appreciates the Ministry of Finance's policy which has been supporting the national textile and textile products industry.

The following is the translation of the given 'Bahasa' text to 'English' while preserving any HTML tags: "The Minister of Industry also hopes that the Minister of Finance will be consistent between statements and policies in order to support and protect the domestic industry."

"Cannot be denied that currently there is a decrease in exports caused by global geopolitical issues that have implications on the decrease in purchasing power of consumers in the export destination countries, as well as the difficulty in accessing export markets due to import restrictions through tariff barrier and non-tariff barrier policies,"

Agus said.

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