Thailand Textile Industry Calls For The Establishment Of ASEAN'S Internal Supply Chain
Thailand textile
Businessmen have recently called for the textile industry to strengthen cooperation with ASEAN neighbors, develop a strong supply chain, and enhance the export competitiveness of Thailand textiles. Only in this way can textile enterprises achieve long-term development goals.
Gesi, executive chairman of Bangkok bank, said that the minimum daily wage in Thailand will increase to 300 baht (1 US dollars or 31 baht) next year, which is likely to push up the production of Kosit and weaken the competitiveness of textile enterprises.
Therefore, Thailand entrepreneurs should seek alliances with ASEAN partners to improve the supply chain.
Executive director of Thailand Textile Bureau
Villa
(Virat) with the growth of demand in other neighboring Asian markets, Thailand's textile and clothing exports will increase by 17% this year, and orders from ASEAN countries will exceed US $2 billion 400 million.
Virat predicts that ASEAN and Asian markets will replace the US and European markets by 2016, because the downturn will weaken the purchasing power of the two traditional markets.
According to statistics, in the first 7 months of this year, Thailand textiles
Exit
The total amount reached 4 billion 980 million US dollars, up 19% over the same period last year.
At present, Thailand textile industry employs 1 million workers.
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