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Export Decline Sounds Warning to Thai Garment Producers.
Byline: Woranuj Maneerungsee
Apr. 3--Thailand's garment exporters concede that they have yet to strengthen themselves to cope with tougher competition when the global garment and textile import quota system is lifted.
Quota restrictions that govern trade are due to be abolished on Jan 1, 2005 under World Trade Organisation regulations.
Suchart Chantaranakaracha, the president of the Thai Garment Manufacturers' Association, said the decline of garment exports in recent years worried him. Shipments in the first two months of this year were worth US$410 million, a decline of 16.5 percent year-on-year. Exports of fabric declined by 14.5 percent and ...
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