China'S Textile Industry Will Once Again Fall Into The Reshuffle Pattern After The "TPP Plan" Aborted.

at present

Foreign trade orders are difficult and stock pressure is high. At the same time, many factors, such as rising labor costs, raw material prices and loan interest rates, will cause China's textile industry to fall into a new reshuffle pattern again, and the export situation is not optimistic.

As TPP died, Vietnam's advantage would be "no more"!

Since China's accession to the WTO, Vietnam's textile, cloth and clothing exports have increased rapidly.

Vietnam became the eighth largest export country in the world last year, accounting for only 1 percentage points of global exports.

MadeinVietnam labels are being increasingly played on international famous clothing brands such as ZARA, GAP and NIKE. Vietnam has also become the most potential Asian country to replace China's textile industry.

From spinning manufacturing to garment manufacturing, especially with the signing of the TPP agreement between Vietnam and the United States, Vietnam's clothing exports to the United States, Japan and South Korea have expanded, which is second only to China in the US market.

TPP created more than 6 million jobs for Vietnam's textile and garment industry, and Vietnam lost to 2025.

The amount of spinning accounts for 70% of the total amount of Vietnam's textile exports. Once the TPP comes into force, it is expected that the export volume of the TPP market will increase by 2 times.

It is estimated that Vietnam will export to the United States $55 billion in 2025, and the average tariff to American textiles will be reduced from the current 17.5% to zero tariff. Vietnam's textile and garment industry will become the biggest winner after the TPP comes into effect.

According to Reuters reported that Vietnam, originally considered to be one of the first countries to ratify the agreement, has postponed the examination and approval process, saying that it is necessary to make a decision based on the results of the US general election.

The report quoted Vietnamese sources as saying that in the next round of meetings of the Vietnamese parliament, which will be opened in October 20th, the approval of TPP is not on the agenda, "because the proposal submitted by the government to the Congress is incomplete."

This means that the approval and approval agreement for Vietnam will be at least until a few months after the end of the US presidential election in November.

A Vietnamese newspaper reported: citing the statement of Nguyen's gold and silver, the chairman of the Congress of the country said that although Vietnam is a founding country of TPP, it still needs to consider and consider the approval of other countries and the impact of the US presidential election results on TPP. At that time, relevant assessments will be made and decisions will be made after discussion.

Because of this, Chinese textile enterprises such as Baron East and Tianhong textile have to resolve their plight through the layout of overseas production capacity, and have to "run away" and invest in Vietnam.

Vietnam signed with the United States

"(TPP), the main manufacturing processes of spinning, weaving and dyeing are carried out in member countries, enjoying export tariff relief.

Duty-free treatment will further enlarge the global competitiveness of Vietnam's textile manufacturing industry under the background of low processing cost advantage.

Chinese enterprises "go out" can not just go out to TPP, but "market and customers let you go out is correct."

Yang Weixin, chairman of the company, also reminds us that Vietnam is not short of spinning mills. What is missing now is fabric, knitting and printing and dyeing enterprises can go out next.

But Vietnam's environmental protection requirements are very strict, and it is stricter than China. If the sewage is 100% qualified to discharge, Vietnam's market has not done so well.