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    Thailand Textile And Garment Enterprises Call For The Establishment Of ASEAN'S Internal Supply Chain

    2011/9/23 11:36:00 61

    Thailand Textile And Garment Enterprises ASEAN Internal Supply Chain

    Thailand textile entrepreneurs are calling for the establishment of an intra ASEAN supply chain, providing support for the textile industry and making Thailand an export power rather than focusing on export volume.


    KositPanpiemras, executive chairman of Bangkok bank, said that Thailand's industry should cooperate to develop a strong one.

    Supply chain

    This is something that the private sector can achieve.


    At a trade seminar organized by the Thailand textile society, he pointed out that China reorganized the textile industry according to its twelfth economic development plans.

    China's goal is to pform its export power into an export power and maintain its export competitiveness and employability.


    Higher labor wages have reduced China's export potential, but China has set up an export target of two figure growth.


    Many countries in the world are trying to maintain the core industry's ability to create jobs in China.

    Thailand

    Spin

    Industry should be able to survive by developing skilled labor, design and technology.


    Dr Kosit said that the minimum daily wage will increase to 300 baht next year, which will probably affect the cost of production.

    Therefore, Thailand entrepreneurs should seek to form alliances with ASEAN partners in order to join the supply chain.


    In the first 7 months of this year, Thailand's textile exports amounted to US $4 billion 980 million, an increase of 19% over the same period last year.


    Total exports amounted to US $7 billion 680 million in 2010.

    The textile industry employs 1 million workers.


    Mr. Virat said textile and clothing exports could increase by 17% this year as Asia's strong growth.

    ASEAN's orders will exceed US $2 billion 400 million this year.


    By 2016, ASEAN and Asian markets are expected to replace the US and European markets because of the economy.

    crisis

    These two traditional markets have reduced purchasing power.



     

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