Home / Knowledge / News / Apparel/Garments / Europe's relaxed RoO pushes Laos' garment exports
Europe's relaxed RoO pushes Laos' garment exports
31
Aug '11
Drawing benefits from Europe easing the restrictions on imports, garment exports from Laos have grown to US$ 100 million during the initial six months of the current year, registering a year-on-year rise of 29 percent.

This rise in exports is mainly attributable to hike in exports to Europe, pursuant to the European Union's decision permitting the least-developed countries (LDCs) like Laos to use imported raw materials for goods meant for export to the European market.

The European Commission came up with its new set of relaxed Rules of Origin (RoO) for LDCs on November 18, 2010. Under the rules, it permitted the LDCs to export even those goods to the EU at preferential tariff rates that were not produced from domestic raw materials. The new RoO became effective from January 1 this year.

While the garment exports from Laos has earned a competitive edge in Europe following the relaxed RoO, the country's garment industry still greatly relies on textiles imported from nearby Thailand.

During the January-June period of the current year, Laos mainly exported garments to the US, Japan and Europe with US accounting for around 17 percent of the total exports, Japan accounting for 3.3 percent and Europe accounting for the rest.

Swiftly rising orders from European importers has put the Laos garment industry, which is facing severe labour scarcity, in a predicament.

After the Thai Government's recent assurance of raising the minimum wage to 300 baht which is equivalent to US$ 10 per day, several Lao workers look for employment there as the proposed wage is much higher than 500,000 kip or US$ 62.50 that Lao garment units offer per month.

Garment exports brought in US$ 182 million to Laos during last year, 14 percent higher than revenues generated in 2009.

Fibre2fashion News Desk - India


Must ReadView All

Maintain NAFTA trucking provisions: AAFA, US trade bodies

Apparel/Garments | On 22nd Nov 2017

Maintain NAFTA trucking provisions: AAFA, US trade bodies

The American Apparel & Footwear Association (AAFA) recently joined...

Vietnam’s textile & garment exports cross $24bn till Oct

Textiles | On 22nd Nov 2017

Vietnam’s textile & garment exports cross $24bn till Oct

Vietnam earned $24.372 billion from textile and garment exports in...

Karl Mayer unveils TMJ 4/1-T terry warp knitting machine

Textiles | On 22nd Nov 2017

Karl Mayer unveils TMJ 4/1-T terry warp knitting machine

Karl Mayer, a technology and market leader in textile machinery from...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Karan Arora
Karan Arora

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

November 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search