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Big changes ahead in world trade.

Bangkok Post (Bangkok, Thailand)

| January 07, 2005 | COPYRIGHT 2005 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Woranuj Maneerungsee

Jan. 7--Looking ahead, 2005 will be another year of important changes affecting not only the export-driven Thai economy, but also world trade overall.

Workers at local garment and textile factories fear that the year of the rooster may bring heavy job losses now that the 30-year global quota system has been abolished, effective Jan 1.

Pongsak Assakul, president of the Textile Industry Association, said Thai textile manufacturers have been preparing since 2004 for potential impacts, with many mapping out production plans a full year ahead to serve the demands of global brand name clothing retailers.

Ever in search of an advantage in a highly competitive industry, local manufacturers have ...

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