Thai Ministry Of Industry Calls On Textile Industry To Seize The Opportunities Of ASEAN Community

2010/9/25 9:51:00 36

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Deputy director of the Ministry of industry of Thailand, Wei Tong, said Thailand

textile industry

There is also a chance to continue to grow. Last year, the total value of textiles and clothing exports in Thailand amounted to US $7 billion 289 million, accounting for 1.3% of the global market rate. At present, the total value of the global market is about US $500 billion.

Thailand textile has great growth opportunities in the ASEAN market, from ASEAN countries to ASEAN economic community.

ASEAN

It has become an important market and production base in the world.

ASEAN textile industry chairman Ponce said that the ASEAN textile industry alliance has worked with Thailand and Indonesia textile producers to find garment production partners in Laos, Burma, Kampuchea and Vietnam, and to enhance ASEAN.

Textile production enterprises

Stability and be able to compete with other countries in Asia.

The stability of ASEAN producers will help to deal with exchange rate fluctuations better.

Raw material

Lack of such problems as ASEAN producers can meet the needs of ASEAN customers.

Peng said that at present, the textile producers in ASEAN region have contributed to 14 pairs of trading partners, and held a meeting on 5-7 October 2010 to increase the number of trading partners to 20.

In addition, the current price of cotton has risen sharply, which seriously affects the production cost of textile producers, and there may be shortages in the short term.

Uira, head of the textile industry development institute, predicted that the total value of textiles and clothing exports in Thailand will reach $7 billion 487 million in 2010, an increase of 15.2% over the past year.