SINGAPORE MAYBE SMALL BUT TEXTILE SECTOR SERVICES HAVE REGIONAL IMPACT
February 1st, 2016
As in many other areas, the Asian city-state of Singapore punches above its weight when it comes to fabrics and textiles. According to its ministry of trade and industry, in terms of sourcing volume the island ranks as the second largest textile and apparel business and sourcing hub in the Asia-Pacific region after Hong Kong. The estimated sourcing volume in total is USD2.5 billion to USD3 billion. (CAN YOU CLARIFY WHAT IS MEANT BY ‘SOURCING’ IN THIS REGARD? IS IT BUSINESSES BUYING TEXTILES AND CLOTHING FROM SINGAPORE – EVEN IF – ULTIMATELY THE PRODUCT ...
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