Key insights and market outlook
Finance Minister Purbaya Yudhi Sadewa has vowed to protect Indonesia's domestic market from illegal used clothing imports, emphasizing that the government will not tolerate foreign dominance in the local market. The Ministry of Finance will utilize customs authorities to strengthen border controls against illegal goods, including used clothing, steel, and shoes.
Finance Minister Purbaya Yudhi Sadewa has made a firm commitment to safeguard Indonesia's domestic market from the influx of illegal used clothing imports. Speaking at the KADIN Rapimnas event in Jakarta, Purbaya emphasized that the government will not allow foreign businesses to dominate the local market through illegal means.
The Ministry of Finance, through its customs authority, will enhance border surveillance to prevent the entry of illegal goods. Purbaya stated, "I'll protect our borders from illegal goods. If there are illegal used clothes coming in, we'll shut them down." This move is part of a broader strategy to maintain the integrity of Indonesia's domestic market.
The crackdown will not be limited to used clothing alone. The Ministry plans to sequentially target other illegal imports, including steel and footwear. Purbaya indicated that additional commodities would be addressed subsequently, demonstrating a comprehensive approach to combating illegal trade.
The minister's strong stance is driven by the desire to protect local businesses from unfair competition. By preventing illegal imports, the government aims to create a more level playing field for Indonesian enterprises, particularly in the textile and manufacturing sectors.
Crackdown on Illegal Imports
Strengthening Customs Controls
Protection of Domestic Market