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.
Browsing: Cambodia
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.
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 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
Recently, Noble Laureate Vernon L Smith (2002 co-recipient of the Nobel Memorial Prize in Economic Sciences), while lecturing on the housing bubbles and recessions since 1929 to a standing room only