Calculated in square metres of fabric, UK total apparel imports in the last six months of 2016 (after the Brexit referendum and its subsequent sterling devaluation) fell just 0.3% over the same period in 2015.
Taiwan’s Makalot announced on February 9 a double-edged policy on the US in its 2017 “$5 bn – $10 bn” worldwide investment plans.
US apparel imports (in square metres) grew 3.4% in December 2016 over December 2015, though falls in the previous six months a 2016 annual fall of 1.1%.
“Trump may have killed the TPP, and while Vietnam’s textile and garment industry may be affected there are still benefits to be had,” says one real businessman.
Foreign media and Vietnamese businesses almost unanimous in complaining about effect on Vietnamese apparel industry of US abandoning TPP negotiations. But even the Vietnamese admit that its apparel industry exports grew 5.2% in 2016. This, they believe, compares with:
Taiwan’s Eclat Textile, the country’s largest apparel manufacturer, announced on December 8 it was closing its last Chinese production plant.
Israel’s Bagir announced their Ethiopian plant’s first completed foreign order, a trouser programme for US H&M stores.
In the first three months of this year, we saw a massive drop in Chinese apparel exports to the US. It doesn’t mean the end of China’s dominance.
Just about every apparel industry commentator on the planet is constantly going on about rising cost prices. But do any of them look at what buyers are paying?
The Indian Government has officially kicked off a preferential credit package of $300 million to promote factory construction in Vietnam, it was reported on June 19.
The Korea Transnational Cooperation Watch (KTC Watch), an activist group, published on May 14 a report finding widespread malpractices at Korean-owned factories in Vietnam.
Vietnam and the Eurasian Economic Union (EEU) signed a free Trade Agreement on May 29 – the EEU’s first with a country other than its own members.
Changzhou-based Black Peony were first repotrted in May 2013 to be planning to build a denim plant in Vietnam’s Quang Ninh province.
The Cong Thuong (Industry and Trade) newspaper reported on May 12 that “Seven out of 12 newly licensed projects in Quang Nam province are for textiles and clothing.