Key insights and market outlook
The Indonesian Ministry of Cooperatives and SMEs will hold a meeting with used clothing traders this week to discuss their business amid the government's ban on illegal imported used clothing. The meeting aims to assess the number of traders and the economic potential of their businesses. Deputy for Small Enterprises, Temmy Satya Permana, stated that the government seeks to find a formulation to help traders adapt by potentially linking them with local products and brands.
The Indonesian Ministry of Cooperatives and Small and Medium Enterprises (SMEs) is set to hold a meeting with used clothing traders this week. The discussion will focus on the impact of the government's ban on illegal imported used clothing, known as 'thrifting'. The government aims to understand the scale of the used clothing trade and its economic implications.
Deputy for Small Enterprises, Temmy Satya Permana, explained that the meeting is crucial for ensuring that traders continue to have a livelihood. The government plans to explore ways to help these traders adapt to the new regulations. One potential strategy is to connect them with local products and brands, providing a possible alternative source of income. The government seeks to create a formulation that allows these traders to substitute their current business with local alternatives.
The meeting will also serve to gather data on the number of traders involved in the used clothing business and the economic value of their trade. This information will be vital for policymakers as they consider how to manage the transition away from illegal imported goods. By engaging directly with the traders, the government hopes to find a balanced approach that supports both local businesses and the workers in the used clothing sector.
Meeting with Used Clothing Traders
Discussion on Import Ban Impact