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 22nd Sep 2017

Govt announces new duty drawback rates for garments

The Government of India has today announced the new duty drawback...

Courtesy: ITMA

Textiles | On 22nd Sep 2017

ITMA 2019 to focus on smart garment technologies

ITMA 2019, the world's largest textile and garment technology...

Apparel/Garments | On 22nd Sep 2017

New US FTC rule for RN used on textile product labels

The US Federal Trade Commission recently streamlined requirements...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Paolo Ocleppo
Sandvik Hyperion

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

Steve Cole
Xerium Technologies

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Bani Batra

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

Silvia Venturini Fendi
Fendi s.r.l

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

September 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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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