Feedback Here

fbook  tweeter  linkin YouTube
Global contents also translated in Chinese

China, Asean explore trade cooperation

The textile and clothing industry is one of the most important manufacturing industries in Asean countries such as Vietnam, Indonesia, Kampuchea, Burma and Thailand. They have a strong compatibility with China and are close neighbors. With the implementation of preferential tariff policy, Vietnam's clothing exports to the EU will increase significantly. Vietnam's clothing, textile and leather shoes industries will benefit from the Comprehensive and Progressive Trans Pacific Partnership agreement.

Garments produced by Cambodia are mainly exported to the United States and the European Union. Of the more than 200 textiles and garment enterprises in Cambodia, more than 80 per cent are from China. Indonesia’s exports of clothing account for about 70 per cent of the country’s total exports. Although the country’s textiles exports increased five per cent in 2017, in 2018 growth is expected to slowdown.

In 2017, Malaysia’s silk trade was down 18.64 per cent. And import saw a 23.14 per cent year-on-year decline, export volume increased 2.37 per cent over the same period. Chinese and Asean enterprises in the textile industry have huge possibilities of cooperation. Textile parks of can be set up in Asean countries for development.

 
LATEST TOP NEWS
 


 
MOST POPULAR NEWS
VF Logo