Thailand'S Textile Industry Will Continue To Grow

2010/9/29 10:55:00 31

Thailand

Thailand, deputy director of the Ministry of industry, said

textile industry

There is still room for growth. Last year, Thailand's textiles and garments.

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The total value is 7 billion 289 million US dollars, accounting for 1.3% of the global market rate. At present, the total value of the global market is about 500 billion dollars.

Thailand textile has great growth opportunities in the ASEAN market. From ASEAN countries, ASEAN will become an ASEAN Economic Community and Promote ASEAN to become an important market and production base in the world.

ASEAN textile industry chairman Ponce said that the ASEAN textile industry alliance has worked with textile producers in Thailand and Indonesia to find garment production partners in Laos, Burma, Kampuchea and Vietnam, to enhance the stability of ASEAN textile manufacturers and to compete with other Asian countries.

The stability of ASEAN producers will help to better cope with exchange rate fluctuations and lack of raw materials, because ASEAN producers can meet the needs of ASEAN customers.

Peng said that at present, the textile producers in ASEAN region have contributed to 14 pairs of trading partners, and held a meeting on 5-7 October 2010 to increase the number of trading partners to 20.

In addition, the current price of cotton has risen sharply, which seriously affects the production cost of textile producers, and there may be shortages in the short term.

Uira, head of the textile industry development institute, predicted that the total value of textiles and clothing exports in Thailand will reach $7 billion 487 million in 2010, an increase of 15.2% over the past year.