WTO entry may or may not be solution for garment industry
29 Mar '06
1 min read
Vietnam is on the verge of getting World Trade Organisation (WTO) membership as the country has nearly accomplished discussions with other countries.
However, at this juncture, some industry insiders do not consider the membership would benefit country's textile industry as the export boom would depend only on the competitiveness of its textile industry.
While some believe that the entry in WTO would give opportunity to business with many markets across the world.
Now, the country has to come out of this dilemma whether to cash on restrictionless exports, which is given only to WTO members or suffer disadvantages of anti-dumping duties imposed by EU and US.
In spite of all this, Vietnam should not forget that the share of global exports, beyond China's reach, is expanding.
marketing@alchempro.com
