• Linkdin
Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow
         Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

Vietnam hopeful of raising garment exports to Australia

12 Jun '18
1 min read

Vietnamese firms are hopeful of raising garment exports to Australia once the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) takes effect, says Thai Binh Duong, director of Vietnam’s Yen Duong Ltd, Co. Australia will reduce import tax to 5 per cent in the first three years under the CPTPP and waive it from the fourth year.

Australia’s apparel imports have grown stably over the past five years and as apparel retail prices in Australia are much higher the imported ones, Vietnamese products have an advantage, a Vientnamese news agency report quoted Vietnam Textile and Garment Association (VITAS) vice president and general secretary Truong Van Cam as saying.

In 2017, Australia imported apparel worth nearly $9.32 billion, nearly $173 million of which was from Vietnam. Australian firms are reportedly focusing more on Vietnam due to more competitive workforce costs compared to those of China. (DS)

Fibre2Fashion News Desk – India

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search