China ASEAN Alliance Promotes Fast Development Of Garment Industry

< p > the impact of the global economic crisis, economic recession, consumer desire for consumption tends to be conservative, consumption demand is reduced, international orders are reduced, labor costs are increased. < a target= "_blank" href= "//www.sjfzxm.com/" > clothing < /a > industry market compression profit decreases. In order to develop "a" target= "_blank" href= "//www.sjfzxm.com/" > textile < /a > garment industry, China and ASEAN countries jointly set up a cooperative alliance of textile and garment industry to make full use of the zero tariff preferential policy, fully tap the market potential, and promote the rapid development of China ASEAN garment industry. < /p >
< p > the impact of the global economic crisis, economic recession, consumer desire for consumption tends to be conservative, consumption demand is reduced, international orders are reduced, labor costs are rising, and garment industry market has reduced profits. This scenario is a common encounter in Central European countries. To jointly develop the textile and garment industry in a joint way, the China ASEAN textile and garment industry cooperation alliance was announced this month. Xu Ningning, Deputy Secretary General of the China ASEAN Business Council, said that this is one of the important measures for industrial cooperation after the completion of the China ASEAN Free Trade Area, which can promote mutually beneficial development of the bilateral garment industry. < /p >
Under the joint testimony of leaders of the 7 textile and apparel industry associations of Kampuchea, Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam, Xu Ningning signed a memorandum of understanding on behalf of China ASEAN Business Council and chairman of ASEAN textile and Garment Industry Federation and chairman of Laos clothing association One-syBOUTSIVONGSAKD. < /p >
< p > for the economic development of ASEAN countries, the textile and garment industry plays a significant role. Indonesia has a population of 250 million. Last year, the apparel industry grew by 7.5%, which is higher than most of Indonesia's industry growth. Exports of textiles and clothing in Malaysia showed an upward trend. Vietnam is the world's ten largest exporter of textiles and clothing, and imports most of its raw materials from China. The strength of Singapore's clothing industry is reflected in financing, clothing design and clothing brand building. In these respects, Singapore and China's textile and garment industry have great potential for cooperation. Thailand has strong complementarity with China's textile and clothing industry. The latest figures show that in 2013 1-4, the total export volume of Thailand's textile and garment industry reached US $3 billion 242 million, an increase of 2.62% compared with the same period last year. Thailand exports to the ASEAN market the most, with a total export volume of US $524 million 800 thousand, accounting for 22% of total exports, representing an increase of 3.7% over the same period last year. In the first three months of this year, the United States and Japan became the first, second largest consumers of clothing in Thailand, while other major markets for textiles and clothing in Thailand were the European Union, China (including Hongkong), South Korea and ASEAN countries. < /p >
< p > in recent years, ASEAN is the fastest growing market for China's exports. According to customs statistics, in the 1-4 months of this year, the trade volume of textiles and clothing between the two sides was US $11 billion 460 million, an increase of 57.7% over the same period last year. 72.9% of China's exports are fabrics and knitted garments, while 52.3% of imports are yarns. In addition, the import of Chinese knitted garments increased rapidly, with an import value of US $110 million, an increase of 42.2% over the same period last year. < /p >
< p > ASEAN countries and China signed a memorandum of cooperation, which can take advantage of zero tariff preferential policies to fully tap the market potential. Members can share market information and create brands so that they can meet the growing demand of consumers in the next 20 years while changing the trend of clothing development. This partnership will benefit more than one billion consumers in China and ASEAN, and will play a positive role in promoting the development of China and ASEAN's garment industry. < /p >