Textiles and Clothing: What Happens After
2005? This article inForum's trade
talks issue (2/2003) interested many readers. With quotas ending in
2005, many producers - and even countries - risk disappearing as
garment suppliers in an oversupplied market. As a follow-up, we
share a sample of your reactions, highlight ITC's recommendations
for action and outline the technical assistance it can offer.
Among the expected changes: the market will move from a sellers'
to a buyers' market; prices will fall; buyers will reduce the
number of sources; small firms will compete against large companies
which enjoy economies of scale; and all firms will face new trade
trends and additional market requirements, such as ecolabels and
ethical trade requirements.
To meet new market demands, garment manufacturers will need a
comprehensive approach to meet buyers' requirements: vertical
capabilities; supply chain management; full service from design to
logistics; and low landed costs.