Home / Knowledge / News / Apparel/Garments / 'Thai garment exports may touch $7.8bn this year'
'Thai garment exports may touch $7.8bn this year'
31
Mar '14
The exports of garments from Thailand are expected to touch US$ 7.8 billion in 2014, due to signs of global economic recovery, especially in the EU countries, Mrs. Duangkamol Jiambutr, Deputy Director-General of the Department of International Trade Promotion (DITP) has said, reports The Nation.
 
After inaugurating the 31st Garment Export Fair in Bangkok, Mrs. Jiambutr said the garment sector was one of those industries that would continue to show strong growth in 2014.
 
She said the apparel exports from Thailand are expected to rise by 5 percent year-on-year, compared to exports of $7.48 billion made last year.
 
She said the economic recovery in the EU and a weaker baht, estimated to remain between 31-33 against the US dollar, would give the required push for increase in garment exports.
 
Apparel companies in Thailand have constantly focused on design and product development, and cost management, which would also help them in sustaining in the global market, she added.
 
Sukij Kongpiyacharn, president of the Thai Garment Manufacturers Association (TGMA), said garment sales in the domestic market have dropped owing to lower consumer confidence, and hence, apparel manufacturers are focusing more on export market.
 
He hoped that the Asean Economic Community (AEC) would ensure long-term growth for domestic clothing manufacturers. He added that the TGMA expects more apparel exports from Thailand to the EU, the third-largest market for Thai apparel, once the Thai-EU Free Trade Agreement (FTA) is signed.
 
Speaking on the occasion, Srirat Rastapana, Permanent Secretary in the Ministry of Commerce, Government of Thailand, urged Thai enterprises to adapt urgently to new regulations and high standards as required in the EU markets, to ensure more exports.
 
She said Thai companies should be aware of EU trade rules, including policies related to environment protection and corporate social responsibility, in order to enjoy growth in exports to the EU market.
 

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 2nd Jul 2016

Denmark-ILO deal to boost B’desh RMG sector

Denmark and the International Labour Organization (ILO) signed an...

Apparel/Garments | On 2nd Jul 2016

Delta Galil to acquire three brands from VF Corp

Apparel marketer Delta Galil will expand its brands portfolio by...

Courtesy: Voormi

Textiles | On 2nd Jul 2016

Vroomi unveils lighter weight merino based fabric

Developer of precision blended wool fabrics and apparel, Voormi has...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

Which chemicals are likely to dominate the sustainable textiles industry?...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Jay Ramrakhiani
Occasions Elegance Wear

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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
june 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search