Home / Knowledge / News / Apparel/Garments / Vietnam-Japan FTA proves to be beneficial
Vietnam-Japan FTA proves to be beneficial
05
Apr '10
Business entities of Vietnam will keep on capitalizing the Vietnam-Japan Economic Partnership Agreement that came into effect in June last year.

This economic agreement has helped in cutting down or exemption from duties on the export of Vietnamese textile, garment, seafood and vegetable products to the Japanese market, which has lead to an increase in Vietnamese exports to Japan.

More particularly, textile and garment exports to Japan are witnessing a remarkable growth. Products of these sectors receive duty-free entry into the Japanese market, under this trade pact.

This year, Japan has placed 20 percent extra orders compared to last year, said Pham Xuan Hong, Chairman, Sai Gon 3 Joint Stock Co, which has signed export contracts worth $50 million with Japanese companies.

The company will export six million pieces to Japan. Xuan also added that there are huge business opportunities if the Vietnamese entrepreneurs get the right businesses to deal with.

The export tariff was 10 per cent, before the treaty came in to effect. The Vietnam Textile and Garment Association recently announced that, it has joined an ASEAN project, which will help promote exports by setting up linkages between textile and garment industries of member-countries.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 28th Jul 2017

DuPont launches new stretchable electronic inks, films

DuPont Advanced Materials has announced availability of its newest...

Apparel/Garments | On 28th Jul 2017

Columbia Sportswear posts Q2 2017 net sales of $398.9 mn

Columbia Sportswear Company has recorded net sales of $398.9 million...

Textiles | On 28th Jul 2017

Dickies & Prana to show HeiQ textile products at OR expo

American apparel brands, workwear leader Dickies and activewear brand ...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Marten Alkhagen
Swerea IVF AB

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Jay Ramrakhiani
Occasions Elegance Wear

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

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