With encouraging signs of recovery in woven fabric exports in 2002, there are expectations that the worst period will soon be over. At the same time, there are still many challenging tasks to be accomplished.
Both exports and domestic demand dipped considerably in 2001. Especially, textile product exportsAC which play a role of the engine in textile & apparel business, retreated to nearly US$16 billion from the initial target of US$19 billion.
Domestic demand for apparel was also sluggish due to slackened business and decreased by 15% to 1.03 million tons from the preceding year. In spite of the declined domestic demand, imports increased by 3% from the year-- before …
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