USA aborts 80% furniture export contracts

The Investor Daily-October 22, 2008 -Ambar Tjahjono, chairman of Indonesian Furniture Association (Asmindo), stated that the US importers had aborted 80% of purchasing contracts for furniture products from Indonesia that has already been signed. Ambar admitted that USA had been the largest market for Indonesian furniture products worth US$900 million per year or about 40.9% out of total export, and then it was followed by EU worth US$800 million or about 36.4% out of total export.