Where to get a textile visa?

[Crash999]

Pom Michael said:

Crash's piece was exactly spot on - but also includes most of the EU countries also. I personally expect to see Vietnam become the next powerhouse in textile production behind China. Bangladesh and Sri Lanka may fall off the map (but then that may spark more regulation in the WTO to protect their economies).

 

In the end (if it happens as expected) then prices for all types of ready made garments should decrease initially before increasing as the manufacturers and countries take steps to realign their industries and economies.

The short-term issue with Vietnam is its non-WTO member status. After that I agree... I think Vietnam has a lot of potential in garments, ceramics, furniture and the like.

 

The current estimate is a 15% price drop by the end of next year, though with rising raw materials prices that may be a bit too pessimistic. Not good news for trading and sourcing agents as they're income is invariably commission-based, so any drop in prices means a drop in revenue.