Quotas & Beyond: Emerging Trends in Textiles/Clothing Trade

摘要

As can be seen - (ⅰ) the trade winds are blowing in the direction of new suppliers like Vietnam & Cambodia; (ⅱ) Bangladesh & Pakistan are expected to benefit from the duty free access given to them in the EU, notwithstanding issues of Compliance & instability (ⅲ) the Free Trade Agreements will remain attractive, if they include the provision for using 'third-country' fabrics in order to off-set rising input costs in USA/EU.'Yarn Forward' Rule may lose it's relevance, in the face of options for importing from low cost suppliers other than China, like Vietnam, Cambodia, Bangladesh; (ⅳ) India will have to diversify it's product mix especially in Clothing exports to USA & EU; (ⅴ) in the case of Made-ups, India is doing well in the US market but is performing below par in the EU market. Other than Bangladesh & Pakistan, pressure will also mount from Turkey which has a duty-free access into the EU.