Swissmem
(Source: Swissmem)
A free trade agreement between Indonesia, one of the world’s top 10 textile producers, and Switzerland came into force in 2021, and market analyses show that there is scope for a significant increase in business in textile and textile machinery sectors. This was the background to a successful symposium in Jakarta/Indonesia in August when Swissmem members presented their products and innovations to an invited audience of 200 delegates from Indonesian textile companies.
The presentations were followed by panel discussions with speakers, and there were also networking opportunities at the companies’ exhibition tables. Discussion focused on the relevance of innovation in textile technology to sustainability and ‘saving the planet.’
Recent years have seen an acceleration in trade relations between Switzerland and Indonesia, which in 2008 was classed as 1 of 8 priority countries for economic development cooperation by the Swiss Secretariat for Economic Affairs (SECO), Bern/Switzerland, with a joint economic and trade commission established the following year. Collaboration was heightened further in 2018 with a Comprehensive Economic Partnership Agreement (CEPA) for Indonesia with Switzerland and the other EFTA countries. This more extensive form of free trade agreement was accepted after a popular referendum, and ultimately came into force in November 2021.
The Swiss Textile Machinery Association (Swissmem), Zurich/Switzerland, is the representative body for Switzerland’s producers of textile equipment, systems, and services. Currently 43 companies are affiliated, offering solutions covering the entire textile value chain, from spinning to weaving, knitting, finishing, embroidery, and quality control.
The presentations were followed by panel discussions with speakers, and there were also networking opportunities at the companies’ exhibition tables. Discussion focused on the relevance of innovation in textile technology to sustainability and ‘saving the planet.’
»With the free trade agreement in place, there is even greater potential for the development of trade between our countries.«
Recent years have seen an acceleration in trade relations between Switzerland and Indonesia, which in 2008 was classed as 1 of 8 priority countries for economic development cooperation by the Swiss Secretariat for Economic Affairs (SECO), Bern/Switzerland, with a joint economic and trade commission established the following year. Collaboration was heightened further in 2018 with a Comprehensive Economic Partnership Agreement (CEPA) for Indonesia with Switzerland and the other EFTA countries. This more extensive form of free trade agreement was accepted after a popular referendum, and ultimately came into force in November 2021.
The Swiss Textile Machinery Association (Swissmem), Zurich/Switzerland, is the representative body for Switzerland’s producers of textile equipment, systems, and services. Currently 43 companies are affiliated, offering solutions covering the entire textile value chain, from spinning to weaving, knitting, finishing, embroidery, and quality control.
