RCEP Signs Textile And Garment Industry Leader Or Benefits The Most

Galaxy Securities pointed out that China, as the world's largest textile exporter, has the advantages of whole industry chain production, and has advantages in industry research and development, high added value, high labor efficiency, fast response and short delivery time, complex product orders, port operation efficiency, etc.; on the other hand, labor costs in Southeast Asia, tax costs (tariffs with EU and North American markets) and raw materials are the components The main source of cost advantage is that the scale of its local textile industry is small, there are few large enterprises and lack of competitiveness. The main textile enterprises are foreign-invested enterprises, which creates space and advantages for China's textile enterprises to transfer production capacity overseas, and makes the regional trade cooperation relationship of RCEP closer. At the same time, the unified origin principle of RCEP will bring convenience to China's garment enterprises in terms of suppliers, logistics and customs clearance. Based on the above analysis, we suggest that we should continue to pay close attention to the overseas leading enterprises with production capacity layout, such as kairun and Jiansheng group.