Home / Knowledge / News / Textiles / Fabric finishing sector benefits from ASEAN FTA
Fabric finishing sector benefits from ASEAN FTA
22
Mar '10
The signing of the ASEAN Free Trade Agreement (AFTA) has opened up several opportunities for the Thailand textile and clothing sector in the countries which make up the ASEAN bloc and for the dyeing, bleaching and printing industry in particular.

According to Nopadol Piamkulawanich, President of the Association of Thai Textile Bleaching Dyeing Printing and Finishing Industries, exports of goods from this segment is expected to grow by 20 percent and maintain the rate in the next few years.

In 2009, while exports from the textile and apparel sector fell by 10 percent to US $7 billion, when corresponded with those of 2008, export turnover of the bleaching and dyeing industry stood at $1.167 billion, down by 3 per cent.

Since the FTA came in to effect from January 1, 2010, orders from the ASEAN countries for bleached and dyed products has grown immensely, mainly due to the lowering of import duties ranging between 5 to 10 percent to zero percent.

Exports from the finishing sector grew by 20 percent in January, when compared with figures from a year ago. The key drivers for these figures were the influx of orders from countries such as the Philippines, Vietnam, Cambodia and Indonesia.

The signing of AFTA has led to several Thailand based dyeing and printing units mulling to set up operations in ASEAN countries, along with which orders from countries like China, India, Bangladesh and Europe is also on the ascent.

Fibre2fashion News Desk - India


Must ReadView All

May 31 deadline for registration of chemicals under REACH

Textiles | On 23rd May 2018

May 31 deadline for registration of chemicals under REACH

May 31 is the final deadline for companies to register all chemicals...

US cotton production projected to decline in 2018: USDA

Textiles | On 23rd May 2018

US cotton production projected to decline in 2018: USDA

US cotton production is forecast at 19.5 million bales, nearly 7 per...

Pakistan's textile exports up 8.13% in July-April FY18

Textiles | On 23rd May 2018

Pakistan's textile exports up 8.13% in July-April FY18

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Kerem Durdag
Biovation II LLC

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Silke Brand-Kirsch
Schlegel und Partner

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

Sonam & Paras Modi
SVA

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search