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Bangladesh’s RMG exports up due to crises in neighbours
Myanmar’s political instability, lockdown in Cambodia and a the COVID-19 situation in India has prompted international retailers and brands to divert work orders to Bangladesh. Export earnings hit $3.13 billion in April.
Cambodia-China enter bilateral FTA
China and Cambodia have agreed over the technical aspects and legal framework of a bilateral free trade agreement (FTA), Sok Sopheak, secretary of state at the Cambodian ministry of commerce and head of the country’s negotiating team, recently said without disclosing when the FTA will be signed.
Brexit fires salvo at Bangladesh
As major British apparel retailer Next Plc slashed its work order volume, Bangladesh has already started feeling the pinch of Brexit, claims a senior official of a sourcing company. The UK is the third largest garment export destination for Bangladesh after the US and Germany.
ILO fears fall in Cambodia’s apparel export
Cambodia’s apparel and footwear industries are thriving, but that could change in light of several factors related to Brexit and the country’s overall economic growth, according to a bulletin by the International Labor Organisation. Cambodia’s garment and footwear industries accounted for 11 per cent of the economy in 2015.
Thailand garment export on decline
Export of garments from Thailand is expected to move south with more manufacturers migrating to neighbouring countries to tap cheaper costs and better tariff benefits.
Cambodian garment exports to US dips
Cambodia’s export to the US is hitting snags, with the garment and footwear exports from Cambodia to the US falling by eight per cent during the first half of the year. Garments comprise the largest component of Cambodia’s export basket to the United States, the country’s biggest single country export market.
ASEAN to become ´world´s factory´ in a decade
Rising labour costs, among other reasons, have driven Chinese manufacturers to set up operations in Southeast Asian countries. A study by ANZ Bank economists suggest that Southeast Asia would take over from China to become the ´world´s factory´ in the next 10-15 years, citing its youthful workforce and strategic location as catalysts for this shift.
India v/s China: A comparative analysis
India and China are the two leading players in global textile production and exports. Both these countries are known for their capability of producing an extensive range of textile & apparel (T&A) products for the global market and for their reputation
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