EUROPEAN COMMISSION PREDICTS INCREASED CLOTHING COMMERCE THROUGH ASIAN TRADE DEALS
June 1st, 2007
BY PAUL COCHRANESLATED European Union (EU) free trade agreements (FTA) with South Korea, India and the Association of South East Asian Nations (ASEAN) countries would dramatically boost commercial activity in the clothing, textile and apparel sectors if the agreements are passed, European Commission analysis says.A FTA with South Korea now under discussion would increase its clothing exports from the current 1.5% of total EU clothing imports to 2.2% if a partial agreement were signed, while textile imports would rise from 3.8% to 5%.An EU-ASEAN FTA would see ...
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