The global economic crisis is beginning to be felt by exporters in Bali.
Hundreds of members of Association of Exporters and Handicraft Producers (Asephi-Bali) are reporting declining business activity. Experts predict that the current downturn in exports will continue for several years before eventually staging a comeback.
“Almost all our members, totaling 350, say their business is down. The reduction in exports started in 2009. The average rate of decline in exports has averaged 8-9% each year, “ explained the chairman of Asephi-Bali, Ketut Dharma Siadja on Tuesday, November 27, 2012, and quoted in Bisnis.com.
Siadja said the economic crisis in Europe and America and in a number of other markets are causing the drop in exports. Adding, “Stagnation and a drop in export values will continue for a long time, because the economic crisis continues."
Speaking at a seminar on new export rules affecting native wood products, Siadja warned that even though exports are down changes in trade and export rules must be obeyed to ensure Bali exports are received at their port of destination.
New certification rules on processed wood products take effect from January 2013 at which time all wood products must be able to present certificates assuring the wood used in the product comes from renewable wood sources.
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