The textile industry has been struggling with a number of problems. Wage rates are increasing and competition, especially from China, is rising dramatically. Furthermore, Indonesia’s main markets in the West are weak as the recession drags on in some places and consumers cut back. And the US has given preferential rights to some of Indonesia’s...
The economy is surging ahead, and as it expands authorities are seeking to make the transition from low-cost production and supplying raw materials to more advanced nations to a high-value-added manufacturing industry. It will not be easy, for as wages rise and investments are made, some companies, or entire industries, will be left behind. National...
The country has pursued openness for years, lowering tariffs and working to follow the letter and spirit of its World Trade Organisation (WTO) commitments. Until the mid-1980s, the country had charted a protectionist course, which was successful and was followed in 1985 by a period of aggressive liberalisation. The tariff rate (simple mean, most...
In Indonesia cigarettes are about much more than smoking. Like everywhere, the product is also about tax, revenue, business and health. It is relevant and important to many aspects of society and the economy. But in Indonesia, tobacco also has some fairly serious political and ultimately nationalistic aspects not often found elsewhere. Its sale and...
With an ambitious expansion plan in its petrochemicals and chemicals sector, Abu Dhabi is most notably pushing ahead in plastics and fertilisers. The several new petrochemicals projects due to come on-line in 2013-17 should make a substantial contribution to Abu Dhabi’s Economic Vision 2030 by creating a more diversified economy in which a larger...
The government is investing in a series of large industrial developments as it endeavours to diversify the economy beyond hydrocarbons, a key aim of its Economic Vision 2030, a master development strategy that is to reshape the emirate’s economy over the next two decades. In the coming five years, growth in the sector is likely to be driven...
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