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Mari: Chinese shoe industry could be relocated to Indonesia
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Posted 27 July 2005 @ 20:52

JAKARTA, 27 July 2005 - Indonesia will be ready if the China relocates its shoe-making companies here because of a trade row with the United States and the European Commission, Minister of Trade Mari Pangestu says. "We have to be responsive and proactive in taking advantage of any changes ... we plan to approach owners of two giant shoe trademarks, like Nike and Adidas," Mari said on Wednesday when she visited PT Panarub, which produces Adidas shoes in Tangerang,Banten.

She said the trade row and the revaluation of Chinese yuan had opened up special opportunities and advantages for Indonesia, especially shoe producers. China and Vietnam are still in a dispute with the U.S. and the EC, which have imposed anti-dumping regulations on shoe imports from the two countries, making their products more expensive than those from Indonesia, she said.


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