Home / Knowledge / News / Apparel/Garments / FTA with Japan helps exporters survive storm
FTA with Japan helps exporters survive storm
01
Jul '09
Clear signs of an increase in the level of orders received by the Vietnamese textile and garment sector, indicate a recovery in the global economic order, when compared with the last and first quarter of 2008 and 2009, respectively.

Industry sources point to an increase in orders by nearly 15-20 in the second quarter, when compared with the first quarter and the current orders in hand are enough to keep the machines humming till the third quarter.

Most of the growth in exports as well as an increase in orders have come from the Japanese markets, with which the country has signed a free trade agreement, just a few months ago, and enabled it to survive through the crisis.

Experts attribute the rise in flow of orders to the lowering of inventory levels with their buyers, who had stopped placing orders, since the unveiling of the economic crisis, leading to a slowdown in consumer spending in most western countries.

According to available statistics, exports of textiles and clothing had dipped by just 1.3 percent in the first six months of 2008, against an anticipated fall of 15 percent and are well on their way to accomplishing the levels attained last year.


Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 21st Jul 2017

No shortage of cotton & yarn in country: Minister

There is no shortage of cotton and yarn in the country, and the...

Pic courtesy: Sutlej Textiles & Industries Ltd

Textiles | On 21st Jul 2017

Sutlej Textiles’ Q1 FY18 EBITDA expands to Rs 76.28 cr

Sutlej Textiles and Industries Ltd (STIL), one of India’s largest...

Textiles | On 21st Jul 2017

CAI revises 2016-17 cotton crop to 337.25 lakh bales

Cotton Association of India (CAI) has upwardly revised cotton crop...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Bani Batra

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

Yash P. Kotak
Bombay Hemp Company

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

July 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

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X