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Editorial: Can Apparel Still Be Made Comparatively in Developed Countries?
Textiles Intelligence, Feb 2010, Pages: 4
Of seven major regional clothing trade flows identified by the World Trade Organization (WTO), only four increased in 2008. Three of the four involved exports from Asia, and comprised:
- exports from Asia to Europe, which rose in value by 16.7% to US$59.7 bn in 2008;
- exports from Asia to Commonwealth of Independent States (CIS) countries1, which rose by 14.4% to US$16.1 bn following a 95.0% surge in 2007; and
- intra-Asian trade—ie trade between Asian countries—which grew by a more modest 1.6% to US$39.7 bn.
The fourth major clothing trade flow to exhibit growth in 2008 was that of intra-European trade, ie trade between European countries. Moreover, this trade flow was the biggest of the seven. Having grown by 5.2%, it reached US$108.0 bn in 2008 which equated to about 30% of world clothing trade in the same year.
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