Thai textile industry to grow 3.66% this year

[webfact]

Thai textile industry to grow 3.66% this year
By Digital Content



BANGKOK, June 25 -- As the World Cup fever continues worldwide and Thailand gained attention by being assigned to produce team jersey for 10 teams participating in the tournament, Atchaka Sibunruang, director-general of the Industrial Promotion Department, said Thailand’s exports of textiles and garments this year should grow 3.66 per cent.

Ms Atchaka said there were signs that the business of sport outfits should continue to grow because more people now love to exercise, while Thai manufacturers have been assigned to make football outfits for 10 teams contesting the World Cup.

It was estimated that Thailand’s exports of textiles and garments in 2014 could fetch about US$7.6 billion, up 3.66 per cent from last year, she said.

Wallop Wittanakorn, vice chairman of the Federation of Thai Industries, said that Thai exports to the US and Europe were still positive although Washington has downgraded Thailand’s human trafficking rating.

Mr Wallop said he believed the downgrade would not affect trade connections between American and Thai businessmen.

Suggesting that Thai textile manufacturers ought to further develop their own brands, Yuttana Silpsarnvitch, secretary-general of the Thai Garment Manufacturers Association, said several retailers have gone out of business after their purchase orders were cancelled.

Buyers have switched to purchasing from major manufacturers, said Mr Yuttana, adding that operators are now worrying about the European Union generalised system of preferences which expires next year. (MCOT online news)


-- TNA 2014-06-25

[Local Drunk]

I don't believe it... you need the Cambodian and Burmese laborours to make those numbers work.

[Pib]

Wow....3.66%...he's got this year's growth figured out to two decimal points...that's even more proof it's a wild ass guess.

[choff56]

Not surprising for a country that likes to use slaves for labor.

[The stuttering parrot]

I think they are really overdoing it with the propaganda headlines!

I mean really they are just rolling them out day after day!

[englishoak]

If they arnt bothered about it affecting trade why keep harping on about how it wont it then ?

Next excuse and denial please

[rubl]

I think it's really wonderful that so many TV posters provide their positive look on things

[pisico]

I think it's really wonderful that so many TV posters provide their positive look on things

Wishes and good wishes aplenty do not a reality make.... unless, one believes in spells, incantations, amulets and lucky numbers.

[everett kendall]

It is also interesting the non-texile tourist industry in Thailand has had significant grow this as it has for the past 7 years. This is a unique tourist market segment. Thailand Naturist held it 4th International Naturist Convention with visitors from over 8 different countries.