Home / Knowledge / News / Apparel/Garments / Japan crisis - Exporters eye new segments in EU & US markets
Japan crisis - Exporters eye new segments in EU & US markets
Apr '11
The earthquake in Japan has lead to a fall in Vietnamese exports to Japan, following which, local exporters in Vietnam are now eyeing new segments in the EU and US markets.

However, experts have suggested that, prior to investing in new markets the exporters need to gain sufficient knowledge regarding the new rules that have been implemented in the US and the EU.

Le Van Dao, General Secretary of the Vietnam Textile and Apparel Association (Vitas) said that, in addition to price and quality traits, the EU market is likely to get choosier with regards to imports, this year.

Goods meant for export to the EU need to meet with the EU's regulations pertaining to environmental protection and social responsibility.

As stated by Vitas, this year, the EU customers are likely to choose knitted fabric items, which have registered an average growth rate of two percent per annum in the EU markets, over the last few years.

EU markets consume up to around €120 billion or US $173.28 billion worth of goods each year, which constitutes around 45 percent of the overall global consumption. Consumption of France, Germany, Italy, Spain and Britain jointly comes to around 74 percent of the EU's overall consumption volume.

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

Top executives
Textile industry, India

The event should be organised every year

Top executives
Indian retail players

Walmart's acquisition of Flipkart endorses the humongous opportunities in...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Larry L Kinn
Suominen Corporation

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

Sanjukta Dutta
Sanjukta's Studio

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

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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