Shakeup in the Textile Industry

The start of '05 brings the expiration of global texitle tariffs. Analsysts forsee massive changes in the global textiles sectors, as quotas are dropped allowing the free market to better determine allocation of productive resources. China figures to attract manufacturing currently done in Thailand, Bangladesh, the Phillipines, and Taiwan, whose smaller and younger textile industries may not be able to compete. Faculty Imports will monitor this development closely in the months to come, both for our clients and readers of the company's "Asian Imports Blog." Read more about the coming textile industry shake up.