资讯 1 10 英文网 307 Feature 558409 Changing Times 2016-03-25 18:08:35 yangfang
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Changing Times
2016-03-25

Muqeet Bokhari of Icotton.Ltd has BBA & MBA degrees from USA and been associated with the textile industry for over 21 years & currently based in China. He has hands on experience of running and working in ginning, spinning, knitting and weaving industries. He also has global exposure of developing textile related businesses. 

 

Who would have thought that Vietnam and Bangladesh will be the two top importers of cotton in the world and being net importers of raw material will not only cater to their domestic demands but will take a step forward and join the group of yarn exporting countries and simultaneously they will also have a drastic growth in their garment exports. 

  

Question is; how can countries who are net importers of cotton be competitive with cotton growing countries in the same business?   

  

Answer is; duty free access on one side and Trans-Pacific Partnership (TPP) on the other. 

  

Dig a bit deeper and we can see that sudden boom or shift in businesses is not a miracle as new trade benefits are opening doors for a few but at the same time barriers are restricting opportunities for others.  Trade benefits are not the only reason but are one of the main as countries and businesses follow the road to opportunities. 

  

Growth of exports in yarn & garments and imports of cotton is a shift mainly due to trade regulations and partly due to low-wage workforce and lower operational cost.  But never forget that behind the seen are countries and businesses who lost their share and they are moving and making investments in more suitable regions of trade.