Malaysia hopes to win US textile buyers amidst US-China trade war
Photo Courtesy: Southern Textile
Amidst ongoing trade war between USA and China, Malaysia is seeing a huge potential in enhancing textile exports to the US, reports Apparel Resources.
The trade dispute between both the countries has now prompted many foreign buyers to look for an alternative and Malaysia seems to have caught their attention.
The spurt in the prices of Chinese products and ever-increasing labour and production costs are keeping away many US buyers from China.
One of the buyers, at the recently concluded Heimtextil Trade Show, said that if US firms decide to quit China, Malaysia could be ideal replacement mainly owing to latter’s superior textile quality.
He also added that many US buyers are now becoming aware of this unbalanced dependance on China; besides lot of overseas importers have often faced quality concerns with Chinese products.
“We have received many business enquiries form existing as well as new buyers from all parts of the world including the US,” said Lee Kheang Lim, Marketing Director, Fernex Sdn Bhd. His company was participating at the Heimtextil event.
Another participant, Nature World Manufacturing Sdn Bhd, too received good enquiries. The company manufactures home textile products.
The event witnessed good participation from Asean countries, including 8 from Indonesia, 3 from Malaysia and 8 from Vietnam.
Olaf Schmidt, Messe Frankfurt Vice President, Textiles and Textile Technologies, expressed delight at ASEAN region’s potential and said that soon countries like Vietnam, Malaysia and Bangladesh would become the key players in the global textile supply chain.
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