Trade Data
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Trade Data
After global slump year 2020, apparel imports to the European Union gearing to get back to earlier heights!
Before 2020, the market grew by an average annual rate of 4.70 per cent from 2016 to 2019 and experts project that the EU is slowly crawling back to this growth rate despite continuous setbacks by the cycle of Covid that is holding the worl
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According to our analysis, USA will conclude 2021 with US $ 77.67 billion worth of apparels, noting 21.17% Y-o-Y growth. However, the combined value imported in 2021 will still remain below the 2019 figures when USA imported US $ 83.28 bill
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Trade Data
Battle between B’desh and Vietnam continues, exporters seek Govt. support to stave off effects of COVID-19
Vietnam gets US $ 1.16 billion to sustain industry production in view of COVID-19. Closest competitor Bangladesh is yet to follow suit. How could this impact the second biggest apparel exporter globally?
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Japan is an important apparel export destination for Vietnam in which it wants to improve exports...Experts have shared their views how to make the same possible.
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Experts underline what Vietnam’s garment and textile sector needs to do to exploit EU-Vietnam Free Trade Agreement to the fullest.
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Despite big opportunities, Vietnam is yet to make the maximum of CPTPP.
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As per experts, Vietnam may not be able to fully enjoy the benefits of CPTPP and EVFTA due to laid down rules pertaining to input materials.