A Year of Worry for Cambodia's Garment Makers

Article Abstract:

The impact of the termination of the US textile import quota regulation at the end of 2004 may have a devasting consequence for countries like Cambodia which know it cannot compete with China's cheap labor and high-volume production capacity. The import quotas had limited China's exports but now Cambodian manufacturers may not be able to compete on price. Another problem is that manufacturing costs are 25% higher than in China and complicated further by US companies that are under pressure to import from producers which provide employees overtime pay, union representation and bathroom breaks.

Cambodia, International trade, International competition (Commerce), International competition (Economics), Japanese competition

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End of Garment Quota System Signals Tough Times Ahead

Article Abstract:

With the end of trade quotas in the textile and clothing industry, some garment factories may be forced to close. In Mongolia, 40,000 jobs may be lost.

Labor force information, Administration of General Economic Programs, Plant shutdown, APPAREL AND OTHER TEXTILE PRODUCTS, Mongolia, Quotas & Import Controls, International aspects, Employment, Layoffs, International trade regulation, Layoff, Import quotas, Facility closures

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Impact on Chinese Companies: For Most, Not Much

Article Abstract:

Many Chinese companies will not be significantly affected by China's decision to revalue the yuan , because the revaluation is worth only two percent.

Government expenditures, International economic relations, Capital funds & cash flow, Economic policy, Balance of trade, Valuation, Foreign exchange market, Yuan (China), Trade policy

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