Home / Knowledge / News / Apparel/Garments / FTA with EEU to boost Vietnamese clothing exports
FTA with EEU to boost Vietnamese clothing exports
17
Mar '16
The free trade agreement (FTA) between Vietnam and the five-nation Eurasian Economic Union (EEU) last year will boost Vietnamese clothing exports, especially to Russia.
 
In 2015, Vietnam accounted for just 2 per cent or $350 million of the nearly $13 billion worth of clothing and textiles imported by Russia, Maxim Golikov from Russian Trade Representative Agency in Vietnam said during a meeting with representatives of the Vietnam National Textile and Garment Group (Vinatex) in Hanoi, Vietnamese media reported.
 
Vinatex general director Le Tien Truong said the Vietnam-EEU FTA will help the Southeast Asian nation to increase its market share in Russian clothing and textile market to 10 per cent or $1.3 billion in terms of value.
 
Besides Russia, the EEU consists of Armenia, Belarus, Kazakhstan and Kyrgyzstan. (RKS)
 

Fibre2Fashion News Desk – India


Must ReadView All

US & EU retailers release industry approach to GDPR

Apparel/Garments | On 24th May 2018

US & EU retailers release industry approach to GDPR

The Washington, D.C.-based National Retail Federation and...

Global cotton consumption to reach record in 2018-19: USDA

Textiles | On 24th May 2018

Global cotton consumption to reach record in 2018-19: USDA

Reflecting continued growth in the global economy, world cotton mill...

Courtesy: Nanollose

Textiles | On 24th May 2018

Nanollose develops fabric from coconuts

Australian technology company Nanollose has developed a sustainable...

Interviews View All

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Top executives
Textile industry, India

The event should be organised every year

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search