Africa Will Become Another Cake Of Textile And Garment Industry.

With the disappearance of the domestic garment industry dividend, many foreign companies have withdrawn capital, or have been pferred to Southeast Asian countries, and pferred to Africa.

When many Chinese garment enterprises are worried about the impact of foreign trade on business, some Chinese businessmen have planned to temporarily shift their business to African countries, while exploiting the local market and avoiding the adverse effects brought about by changes in the economic situation.

The global foundry industry chain has been pferred from Europe and America to Japan, Korea, Hongkong and Taiwan in Asia, and finally passed through the mainland of China. Now it has gradually shifted to Southeast Asian countries such as Vietnam and Kampuchea, and has extended to Africa.

Among them, the textile and garment industry is the most obvious.

Africa will become

Next piece of cake.

Africa may be the last "value depression" of the textile and garment industry.

All this stems from the rest of the world.

The financial crisis that has swept the world has helped fuel the increasing saturation and expansion of various business costs.

"Our company is optimistic about Africa business, Africa is close to the market of Europe and America, and there are also important cotton producing areas.

Caroline, Quanzhou, Fujian

Yao Qiaoe, director of foreign trade of the limited company, said that compared with East Asian and Southeast Asian countries, East African countries had lower cost of pporting clothing to Europe or the United States besides cheap labor.

In addition, African countries signed a special trade agreement with the United States in 2000, and American clothing entered the African market for tax exemption.

With the development of local cotton industry in Africa, local resources can be purchased to further reduce costs.

International giants such as H&M, Tesco and Primark have already begun to purchase from Ethiopia, because there is no minimum wage limit in the country, and for unskilled workers, the monthly salary is only 35 to 40 dollars, much lower than that in Burma.

These foreign clothing merchants are very popular in African countries, and they also benefit a lot from the abundant local labor force and energy.

The clothing industry in Kenya is also developing. Although the country's monthly salary is about 120 dollars, the government has attracted the foreign businessmen with abundant rewards.

The main participants in the world textile and garment market and important customers in the cotton market are mainly from Asia, of which China accounts for a larger proportion.

The textile and garment industry is one of the main pillar industries in Africa. Southeast Africa has the most dynamic textile industry in Africa and is an important cotton producing area. It has attracted a lot of money in recent years. Yao Qiaoe said: "Chinese enterprises can provide advanced technology and management for southeastern African countries, help to improve local production processes, and try to pfer the clothing industry and related supporting industries to southeast Africa as a whole.

With foreign textile

With the rapid development of the industry, Africa will become the next garment industry representative factory and will become the cake of the world's textile and clothing industry competing for food.