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Presentation2q - International Production and Trade Soak...

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1 International Production and Trade Soak Wai Wong November 13, 2007
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2 General Theme The world textile and apparel market after the end of Multi-fiber Agreement (MFA) ~ elimination of quotas Factor of competitiveness that influence sourcing strategies within post-MFA Public policy will continue influence US China is not the only winner in the game
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3 Assessment of the competitiveness of certain foreign suppliers to the U.S. market Analyze of foreign supplier to the US market Only WTO member will be eligible for quota elimination China is expected to become the “supplier choice” for sourcing, but not the only winner in the game Majors factors competitiveness that attract US buyers
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4 Quotas phased-out for Mexico (NAFTA), & 38 WTO countries (Agreement on Textiles and Clothing ~ ATC) 7 countries still covered by quotas not WTO members
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5 China Growth in imports in 2002 Despite elimination of quota in 2005, imports of T&A will be restricted under safeguards agreement from 2005 to 2008 Rapid growth in recent years Reason of growth bilateral textile agreement Cambodia ~ commitment to improve labor condition
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6 Impact of Quota Removal Differ among countries and regions Could be: An opportunity The market will no longer be restricted A treat Other suppliers will no longer be restrained Major markets will be open to intense competition Many analysts predict the market shares of quota-constrained suppliers will increase
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7 Factors of Competitiveness 1. Business climate Political stability Compliance w/ human rights, international health & labor standards Transparency of political system, legal, commercial, & regulatory system 2. Access to telecommunications, reliable source of electricity, & water
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8 Factors of Competitiveness cont’d 1. Market access Preferential access in major markets (such as NAFTA, AGOA) 2. Effectiveness of middle management ~ to maintain 3. Raw material inputs Availability of quality & cost-competitive domestic or regional raw material production Tariffs on imports of raw materials
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This note was uploaded on 01/21/2010 for the course ARCH 112 taught by Professor Bckim during the Fall '04 term at Virginia Tech.

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Presentation2q - International Production and Trade Soak...

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