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PART III Trading Partners CHAPTER 11-2. ASIA AND OCEANIA FDM 471 - - PowerPoint PPT Presentation
PART III Trading Partners CHAPTER 11-2. ASIA AND OCEANIA FDM 471 - - PowerPoint PPT Presentation
PART III Trading Partners CHAPTER 11-2. ASIA AND OCEANIA FDM 471 Youngjin Bahng OBJECTIVES Comprehend the magnitude of Asia as a political and economic trading bloc Appreciate the economic and political positions of individual
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OBJECTIVES
Comprehend the magnitude of Asia as a political and economic
trading bloc
Appreciate the economic and political positions of individual
countries within Asia
Examine the status of the textile and apparel business in
selected Asian and Oceania countries
Project textile and apparel trading trends for Asian countries into
the period following the phase-out of the quota system
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PARTICIPATION OF ASIAN COUNTRIES IN TEXTILES AND APPAREL
WTO’s elimination of quotas
fostered changes in the patterns of production, trade, and consumption of textile and apparel products for Asian nations
In 2010, sustainability of
supply chains was most frequently mentioned priority
Total labor costs per hour in
Asia range from $30.81 in Japan to $0.31 in Bangladesh
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EAST ASIA
East Asian nations are diverse in their political
and economic structure
China is the largest producer of textile and
apparel products in the world
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CHINA
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China began moving into a
“socialist-capitalist” economy in 1978
China is not only a big producer,
but also a big developing domestic consumer market
More than 11 million Chinese
were employed in textile and apparel factories at the beginning
- f the 21st century, many of them
in the Pearl River Delta region between Guangzhou and Shenzhen
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TEXTILE MANUFACTURING IN CHINA
In 2008, China was the world’s third-largest
importer of textiles
Considering the dominance of China’s apparel
exports provides further evidence of the magnitude
- f this country’s textile business
Largest producer of man-made fibers, competitive
in supplying fibers, yarns, fabrics, and trim
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RETAILING IN CHINA
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Significant increase in retail
- fferings, facilitated by new
government regulations
Restrictions lifted in December
2004 on foreign-invested companies allowing China to enter and expand into the market
Increased visibility of Chinese
apparel designers (e.g., Jason Wu)
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TEXTILE- PRODUCING COUNTRIES IN EAST ASIA
Ja
Japan, So Sout uth Kore rea, and Tai aiwan an have developed their economies to the point that
- Low-cost apparel production no longer feasible
- Have turned to outsourcing apparel production
- Focus on developing technical textiles
These countries have no
domestic supply of natural fibers; some firms have focused on development of synthetic materials
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APPAREL-PRODUCING COUNTRIES IN EAST ASIA
Hong
ng Kong ng and Mac acau au are both tiny nations located along China’s shore
Free market economies that are heavily dependent
- n international trade
Both nations developed under European
- ccupation, and both nations became a special
administrative region (SAR) of China during the last 15 years
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SINGAPORE
Singapore is a small island nation located at the
end of the Malay Peninsula
One of the wealthier nations in Asia In May 2003, Singapore and the United States
entered into an ambitious free trade agreement
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VIETNAM
Vietnam established garment
industry during 1990s
Producers have significantly
upgraded production capabilities, becoming attractive source of exports to the EU and the U.S.
Vietnam ranked seventh globally
in apparel exports in 2008
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INDIA
Population reached one
billion in 2000
(1.24 Billion in 2014) One strength in global
trade is competency in the English language
In 2010, was world’s top
- rganic cotton producer,
ranked in top three in
- verall cotton production
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AUSTRALIA
Developed nation with the third-
highest per capita GDP in Asia, after Singapore and Hong Kong
Australia remains the world’s
top producer and exporter of wool fiber and fabric
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