Home breadcru News breadcru Market Intelligence breadcru  | Can Turkiye or Bangladesh replace China to lead EU apparel exports?

Prime Content | 
Can Turkiye or Bangladesh replace China to lead EU apparel exports?

07 Dec '23
4 min read
(L-R) European Council President Charles Michel, President of China Xi Jinping and President of European Commission Ursula von der Leyen at EU-China summit. Pic: @EU_Commission/X (formerly Twitter).
(L-R) European Council President Charles Michel, President of China Xi Jinping and President of European Commission Ursula von der Leyen at EU-China summit. Pic: @EU_Commission/X (formerly Twitter).

Insights

  • Amid rising trade imbalances and concerns about China dependency, the European Union (EU) is seeking alternatives.
  • The EU-China trade summit in Beijing aims to address this issue.
  • While China focuses on electric vehicles, Turkiye and Bangladesh may fill the textile and apparel gap.
  • The EU's de-risking strategy will depend on outcomes from the ongoing summit.
In the wake of widening trade imbalances and growing concerns of over-dependence on China, the European Union (EU) is exploring alternatives to address its trade deficits. The EU-China trade summit, currently underway in Beijing, is expected to address this pressing issue. As China shifts its focus towards the electric vehicle and related component market, can Turkiye and Bangladesh emerge as potential contenders to fill the gap in the textile and apparel category?
 
Imbalanced scales of trade.

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