Thailand textile and clothing industry next year is expected to grow by 10%

    Thailand clothing manufacturers association Dej Pathanasethpong says, textile and clothing industries in Thailand next year is expected to increase 10% export at least, for Thailand's main rival China's exports are expected to decrease.he said, this year China's textile and clothing export is expected to rose by only 1%, and in 2000 to 2008 grew by 20% a year, now Chinese manufacturers pay more attention to domestic consumers, aims to use China's economic development and economic stimulus measures.this year's world ChengYiYe value at about $700 billion, and the United States and the European Union accounted for 55%. Asian exports world demand of 75-78%, 35% from China, 20% from asean, 17-18% from India and South Asia.
Dej said, exports to the United States next year will increase, because the region's textile and clothing factory has started to Asia to deploy investment aimed to reduce the production cost.he expected next year, the European companies will expand to Thai textiles and clothing to the investment, several European investors have and Thailand investment committee consultation in Thailand's investment preferential treatment.he said, next year Japan will also provide a broad market, because Japan importers in order to obtain better quality of the products,wholesale sunglasses they are now from asean purchasing, replace from the procurement, and at the same time, still can enjoy preferential tax, especially Japan-Thailand economic partnership agreement signed.
Asean and China's free trade agreement will take effect in 2010, this will also improve Thailand's clothing exports.2004 years of the free trade agreement signed in 2010 will be on January 1, some product import tariff will gradually cut, including textiles and clothing, spinning shoes and leather products, ceramic, food and beverage, steel products, petrochemical products and electronic product import tariff.this year of Thai textiles and clothing exports will be reduced by 10%, from $7.5 billion last year to reduce to $7.22 billion, the main reason is the world economic recession.the United States is currently Thailand textile and clothing export the biggest market, accounting for 45.6% of the export Thailand, followed by the European Union, 30%, Japan's 6%, asean accounted for 2.4%.

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