Garment industry to face far more worse situation

June 17, 2009 - Fiji

Bankers financing the textile and apparel industry have been quoted as saying that the garment industry of Fiji will experience a harder hit by the international financial slowdown.

There is expected to be strong competition from China and other Asian countries, which could push Fiji out of the competition in the field.

It is expected that to protect jobs, the key export markets like Australia and New Zealand are expected to increase their reliance on home-produced goods.