Home / Knowledge / News / Apparel/Garments / WTO membership emerges as boon for apparel sector
WTO membership emerges as boon for apparel sector
Feb '11
The Vietnamese apparel firms have delivered excellent results, while taking advantage of the country's WTO membership.

The Ministry of Trade and Industry stated that, since the country attained the WTO membership, a 32 percent rise has been witnessed in the country's apparel exports.

The sector, generated record revenues worth US $11.2 billion during last year, and thus surpassed revenues from the country's biggest revenue generator crude oil.

With such good earnings, Vietnam is now placed amongst the world's leading 10 apparel exporters.

The US in January 2007, ended the quota system for the Vietnamese apparels, whereby the firms were at liberty to expand their operations in the demanding market.

The US constituting 55 percent of the country's total export value stands as the leading importer of Vietnamese apparels, while EU and Japan which occupy the second and third position, registered a rise of 10 percent in their imports from Vietnam.

Further, the WTO's move of bestowing Vietnam with the Most Favoured Nation (MFN) status has liberated the Vietnam's domestically made apparels from all sort of inequitable treatment, and has thus facilitated its exports to compete with the textile goods from other member nations of the WTO.

Fibre2fashion News Desk - India

Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Janak Dhamanwala & Sunil Dhamanwala

Moving towards sustainability is also a social change

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Ashok Desai
Bombay Textile Research Association

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marten Alkhagen
Swerea IVF AB

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

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

news category

Related Categories:

Advanced Search