Home / Knowledge / News / Apparel/Garments / Garment makers must focus on Asean countries for imports
Garment makers must focus on Asean countries for imports
12
Jan '09
As the wrath of global financial meltdown continues, the condition of textile industry in Cambodia worsens.

Job losses and closures hit one of the major foreign exchange earners of Cambodia - the textile industry; creating severe pressure on the manufacturers as the US clothing market reels under recession.

To cope with the situation, delegates from Association of Southeast Asian Nations' Federation of Textiles and Apparel met at a recently held conference in Phnom Penh to propose a number of crisis-fighting measures, including a move to source raw materials locally instead of from China.

Representatives from Cambodia, Vietnam, Laos, Thailand, Malaysia, Indonesia and Singapore, participated in the conference.

Ok Boung, the Secretary of State at the Ministry of Commerce, requested representatives to compete with China rather than each other. “I want to remind all of you that Asean countries are not competitors. The real competitor of Asean countries is China," he told delegates.

According to Cham Prasidh, the Minister of Commerce, with the economic downturn hitting the high-end and mid-range markets hardest, garment makers to target the lower-end market.

Van Sou Ieng, President of the Garment Manufacturers Association of Cambodia said that the lack of locally-produced fabric has raised manufacturing costs by forcing factories to import raw materials. Thus importing from regional neighbours instead of China would cut transportation costs. Then garments could be sold at more competitive prices and help improving the efficiency of processing purchase orders and exporting goods.

Van Sou Ieng further added that agreements have been reached with some developed countries to ease tariff restrictions. "Developing countries have been given some incentives, with the European Union, Canada and Japan allowing us to export garments duty-free,” he stated.

Le Quoc An, Chairman of Asean's textile federation and Head of the Vietnam Textile Industry, said that instability in the global market has forced Vietnam's garment sector to reduce costs and look for new markets.

Must ReadView All

Textiles | On 27th Mar 2017

Himatsingka to disinvest 100% stake in Italian subsidiary

The board of directors at Indian home textiles manufacturer and...

Courtesy: Flipkart

Apparel/Garments | On 27th Mar 2017

Flipkart bags $1bn funding at lower valuation

In a new round of funding, Flipkart, one of India's biggest ecommerce ...

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Eric Scholler
Groz-Beckert

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marten Alkhagen
Swerea IVF AB

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

Sanjukta Dutta
Sanjukta's Studio

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search