Home / Knowledge / News / Textiles / Anti-dumping charges drives out enterprises from China & Vietnam
Anti-dumping charges drives out enterprises from China & Vietnam
12
Sep '08
Anti-dumping allegation against China and Vietnam, by EU and the US, the two largest markets in the world, is forcing a large number of Taiwanese enterprises to shift their bases to Bangladesh instead.

It has been reported that Hun Hsin Textile Co, Ltd, a Taiwan enterprise has already made plans to invest US $7.25 million for setting up a textile yarn manufacturing industry at the Comilla Export Processing Zone (EPZ).

The 100 percent foreign owned company will undertake production of textile yarn products and will create employment opportunities for about 1,237 Bangladeshi and 11 foreign nationals.

Another enterprise, Taiwan Trendex Industries Co, Ltd will spend $400 million for establishing two furniture factories in Bangladesh and is expected to generate employment opportunities for some 10,000 natives.

This increasing trend of shifting base from China and Vietnam is proving extremely beneficial to Bangladesh which provides investors with an added advantage of cheap labor and lower cost of production.

Experts believe that that so long as the case of anti-dumping is upheld, China and Vietnam are likely to lose whooping number of their investors to other cost competitive countries like Cambodia and Bangladesh.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 30th May 2017

CAI estimates 2016-17 cotton crop at 340.5 lakh bales

Cotton Association of India (CAI) has retained its earlier estimate...

Courtesy: World Bank/Claude Renault

Textiles | On 30th May 2017

India’s economic fundamentals remain strong: World Bank

India remains the fastest growing economy in the world – economic...

Courtesy: Dollar Industries

Apparel/Garments | On 30th May 2017

Dollar Industries registers Rs 906 cr turnover in FY17

Hosiery major Dollar Industries Limited registered a turnover of Rs...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Larry L Kinn
Suominen Corporation

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Tony Ward
Tony Ward

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

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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