Home / Knowledge / News / Textiles / AJCEP enlarges opportunity for textile & Garment products in Japan
AJCEP enlarges opportunity for textile & Garment products in Japan
24
Dec '08
Japan has emerged as the largest export market for made-in-Vietnam products including crude oil and mineral, textile and garment products, wooden products.

For the ongoing year, export value to Japan is estimated to be US $7.5 billion, up 31.6 percent year-on-year, representing 11.7 percent of the country's total export value.

Japan is the third biggest consumer of Vietnam's textile and garment products. In October, the export value to Japan market was 676.4 million, soaring 15 percent.

Now that the ASEAN-Japan Comprehensive Economic Partnership (AJCEP) came into effect from December 1, this year, the tax imposed on textile and garment products will be zero percent. This will increase the opportunity for Vietnam to boost the export to this market.

In the coming time, Vietnamese textile and garment industry directs to focus on high added value products to make use of tax incentive exports to this market.

Besides, Vietnam encourages and creates favorable conditions for Japanese investors to pour finances in the field of auxiliary production to replace import.

Vietnam aims to achieve the export target of $1.3 billion by 2010 to Japan, up 22.8 percent per year on average in the period 2008-2010.

Fibre2fashion News Desk - Vietnam


Must ReadView All

Textiles | On 19th Aug 2017

New fabric interfaces to interact with computers

As computer capabilities evolve, new fabric-based interfaces are...

Textiles | On 19th Aug 2017

Brazilian cotton prices drop in first fortnight of August

Cotton prices dropped in the Brazilian market in the first fortnight...

Apparel/Garments | On 19th Aug 2017

Target to acquire Grand Junction for faster deliveries

Target Corporation has announced that it has agreed to acquire Grand...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

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

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silke Brand-Kirsch
Schlegel und Partner

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

Kerem Durdag
Biovation II LLC

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

Rupa Sood and Sharan Apparao
Nayaab

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

Nisha Chanda
Whistling Woods International School of Fashion

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

August 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

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

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

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

Yes No

Active Poll

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

Yes
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

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

Active Poll

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

Yes
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


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