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Yiwu clothing cos woo Iraqi buyers
04
Jun '08
It has been noted that textile and clothing enterprises of Yiwu city, Zhejiang Province, are attracting more and more foreign clients. This is cutting into the market share of other provinces, especially those in Western regions.

For instance, buyers from Iraq had planned to spend a whopping US $1 billion at the recently concluded 2008 China Chongqing Global Sourcing Fair.

However, they realized that products here were much more costly and would require budget of atleast $1.2 billion. Thus, they decided that they would make their purchases at Yiwu city.

Their product list mostly included women's and childrens' wear, accessories as well as embellishments.

Iraq Sulimanni Business Council Chairman, Azad Shamqar, said that the Yiwu city offered chic, and high-quality products at reasonably cheap rates. Besides, in the past, most of Chinese products entered into Iraq via the dealers from Turkey, Dubai and other countries. This made the products costlier by almost 30 percent.

Now, Iraqi traders planned to visit Yiwu personally, and finalize their transaction face-to-face. It has been said that they will also supervise the transport arrangements. This will help reduce expenses and benefit all.

Fibre2fashion News Desk - China

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