Textile Exports: Competitors "Hang On" And Export Orders Shrink.

On the other hand, the export threshold is getting higher and higher, while the other side sees competitors have more advantages. The way of textile export is even more difficult.

"Before buying clothes from foreign brands, Made in China is often seen on labels. Last year, I bought several foreign brands of skirts and found that they were Vietnamese foundries."

Bao Jing, a foreign trade salesman, said that for some labor-intensive industries, "Vietnam made" is behind the "made in China".

"China's manufacturing industry used to be cheap.

The cost advantage is obvious.

But now, there are Vietnam and other Southeast Asian countries in Asia, and Latin American countries have Mexico. The price advantage of China's manufacturing industry has been challenged, and the list of some European and American buyers has been lost.

Bao Jing said, according to her observation, at the beginning of this year, many textile and garment enterprises in Yiwu started late, because the orders on hand were reduced.

"Now

We should not only be vigilant behind the macroeconomic changes including exchange rate.

Paying close attention to the major default risks caused by special events such as geopolitics and war disorder, we must be flexible, unable to lock in a market and increase the choice.

In addition, we can actively recommend some products that win by quality instead of price, and improve the irreplaceable nature of products.

Bao Jing said.

Take the textile industry with the advantage of labor cost as an example, this is a big advantage industry in China and Vietnam. Now, Vietnam has taken the lead because of two important negotiations, and can easily enter the European and American markets.

Last month, Vietnam and the European union negotiated the free trade agreement and scheduled to sign an agreement by the end of this year.

Once the agreement comes into effect, the two sides will eliminate more than 99% of the tax revenue according to the road map, and the remaining part of the tax will be used as a mutual tariff quota or partial tariff reduction.

This is the highest level of commitment reached by Vietnam since the signing of the free trade agreement, and will have a strong impact on Vietnam's exports of textiles, footwear, agricultural products, aquatic products, furniture and equipment, automobiles, motorcycles and machinery of the European Union.

Also last month, Vietnam ended all bilateral negotiations with the countries involved in the p Pacific Partnership Agreement, including the United States.

It is understood that the United States is the largest garment export market in Vietnam, and the United States is currently leviing 15%~16%'s textile and cost import tariffs on Vietnam.

After the signing of the agreement, this tariff will eventually be reduced to 0, which will greatly promote Vietnam's textile exports to the US.

According to statistics from the "fashion industry association of America", many american apparel manufacturers plan to find more suppliers in the countries participating in the agreement after the p Pacific partnership agreement came into effect. Vietnam is the most concerned country.