Thailand Textile And Garment Industry Needs Pformation, Upgrading And Competitiveness

< p > > a href= "//www.sjfzxm.com/news/" > Thailand < /a > Kai Tai Research Center has predicted that the export volume of Thailand's textile and garment industry will shrink by 5% in 2013, which is close to the level of 2011. The main support force still comes from the export to ASEAN and Japan.

As the supply chain enterprises in the global textile and garment industry have gradually moved to Southeast Asia, the export of Thailand's textiles and clothing to the two main markets can continue to grow.

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< p > 2013, < a href= "http://cailiao.sjfzxm.com/Matertial/show/default.aspx" > Thailand textile > /a > and the challenge faced by garment enterprises is still the pressure to maintain competitiveness and overcome the increase of production cost. Meanwhile, the trend of appreciation of Thai baht will also affect the export price of products and lead to the reduction of orders received by Thailand exporters.

Kai Tai Research Center pointed out that in order to meet the above challenges, Thailand textile and garment exporters should pay more attention to improving production efficiency and producing higher value-added products.

The Thailand Investment Promotion Council (BOI) is studying and revising and strongly encouraging new investment promotion policies in the industries with advanced technology, enhancing labour skills to increase productivity and finding channels to expand production and sales to neighbouring countries with lower production costs, all of which are investment measures in line with the current situation.

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< p > at present, the main export revenue of Thailand's textile and garment industry still relies on the strength and competitive products of the upstream industry. Looking forward to the future situation, if Thailand textile operators can continue to adjust in the direction mentioned above, it will cause changes in the source structure of the downstream industry's revenue and turn to more reliance on foreign investment and operating income.

However, it depends on the supporting policies of the relevant government departments, including measures to expand foreign investment and whether tax measures are enough to attract enterprises to repatriate foreign operating income to China, so as to compensate for the loss of industrial revenues caused by export downturn to a certain extent.

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Another topic of close attention to < p > Thailand textile > a href= "//www.sjfzxm.com" > garment industry < /a > is the prospect of the success of the Thailand EU free trade area negotiations and the negotiation progress of Thailand's joining the p Pacific (601099, stock bar) partner free trade agreement (TPP), which can bring benefits to the textile and garment industry.

However, the government will also consider the consequent impact comprehensively, because it may involve sensitive issues related to other industries and the interests of the general public.

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