Home / Knowledge / News / Apparel/Garments / Chinese garment firms find Asean attractive for investment
Chinese garment firms find Asean attractive for investment
31
Oct '13
In recent years, several Chinese garment enterprises have invested in the Asean market, and the China-Asean bilateral cooperation in the clothing industry would gradually increase, according to industry experts.
 
China-Asean Business Council deputy secretary-general Xu Ningning said the completion of the China-Asean Free Trade Area (FTA) increased the convenience for bilateral economic and trade cooperation between the Chinese and Asean enterprises, and Asean has become a preferred destination for Chinese garment enterprises ‘going out’.
 
Firstly, Asean countries are labour abundant, which means there are no recruitment difficulties, and in some Asean countries, the labour costs are lower than in China. Secondly, there are fewer restrictions on exports of apparel products from Vietnam, Laos, Cambodia and other Asean countries to Europe and other regions. These two are the main reasons for the Chinese garment enterprises to invest in the Asean region, Xu Ningning said.
 
He said a number of Chinese garment enterprises are investing in the Sihanoukville Special Economic Zone being constructed in Cambodia.
 
In 2012, China’s textile and garment exports to Asean amounted to US$ 26.6 billion, rising at 34.2 perent year-on-year, which made Asean the fastest growing region for China’s textile and apparel exports.
 
In July 2013, China’s textile and clothing exports to Asean grew rapidly at 42 percent year-on-year, with fabric exports growing at 53 percent y-o-y.
 
According to Xu Ningning, both sides should strengthen trade exchanges and information by organizing corporate visits and through other means.
 
He said every year China held many textiles and garment industry professional exhibitions, and urged Asean garment enterprises to actively participate in them.
 
Chinese and Asean enterprises can strengthen their cooperation in the apparel industry by making good use of preferential policies and achieve a win-win situation, he added.
 

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 27th Jun 2017

Vietnam to build fashion, textile, trading centres

Vietnam's Ho Chi Minh City will build large centres for designing...

Textiles | On 27th Jun 2017

Barcelona’s Unitin develops recycled Indigo yarns

Unitin, a trademark of Industrias Morera SA and a leading textile...

Information Technology | On 27th Jun 2017

ThreadSol to bring fabric solutions to Thailand

ThreadSol, an enterprise material management provider for the sewn...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Marten Alkhagen
Swerea IVF AB

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


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