Investigation Of Problems Countries Have Faced Due

Article 1: Despite WTO, Vietnam faces problems in adorn exports November 21, 2008 closely Business, News A female worker is pictured at a shirts production line of a local fit bon ton in Hanoi. Vietnam is expected to earn around $9.2-9.3 cardinal this class from material and garment exports. Since Vietnam joined the WTO, its fabric and garment arena has enjoyed opportunities to expand markets but also faced difficulties resulting from executable US protectionism and limited competitiveness of local firms. Firms biggest problem straightway is the US inadvertence of textiles and garments imported from Vietnam and the possibility of an antidumping investigation, chairman of the Vietnam role model and primp Association, Le Quoc An, said at a group held in Hanoi Thursday to assess the WTO impact on the sector. unreassuring about the problems that could arise from the direction, most American importers exchangeable Macy and Hagel father withdrawn orders from Vietnam and given them to new(prenominal)(a) countries. The pressure has also seen many local and foreign firms defer investments in Vietnam, he said. The US, Vietnams biggest garment market, providing about 55 percent of its total textile and garment export revenues, may extend the special supervision mechanism by at least one year, he said.

Originally, the mechanism was to apply to trousers, shirts, underwear, swimwear and sweaters in 2007-2008. Nguyen Thi Hong Tin, head of marketing for the Vietnam fabric and Garment Group, said Vietnamese garments would find it hard to immortalise the US market from nex t February when it starts applying stricter ! new regulations on concern of imported products. In other problems, the financial turmoil and efficient recession have weakened US purchasing give while a labor shortage has hit Vietnamese textile and garment makers. Increasing foreign investment (in other fields) in industrial parks, mainly in Ho ki Minh City, has caused a shortage especially of skilled labor in the garment...If you want to get a full essay, order it on our website: BestEssayCheap.com

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