"Textile News"

"One Belt One Road"

2021 China's textile industry "One Belt One Road" conference, with the theme of "sustainable double cycle of trade and investment", based on the strategic basis of expanding domestic demand, accelerate the integration of domestic and foreign trade.

01China Textile International Production Capacity Cooperation Enterprise Alliance established the first batch of overseas liaison offices

The recently released "China's "One Belt, One Road" Trade and Investment Development Report 2021" pointed out that at present, the "Belt and Road" economic and trade cooperation is going against the trend and is showing strong resilience and vitality. In the context of the global fight against the epidemic, the China Textile Industry “One Belt One Road” conference hopes to build bridges and platforms to further strengthen the interaction of all parties, establish a long-term and effective communication mechanism, and jointly build the “One Belt and One Road” in order to respond to the epidemic and restore the economy. International cooperation along the way can play an important role.

According to reports, under the guidance of the China National Textile and Apparel Council, the China Council for the Promotion of International Trade Textile Industry Branch, China Textile International Production Capacity Cooperation Enterprise Alliance, and China Council for the Promotion of International Trade Huzhou Committee hosted the 2021 China Textile Industry "Belt and Road" conference.

At the meeting, the "African Countries' Textile Industry Development Endowment and China-Africa Textile Industry Cooperation Potential" was released, and it was announced that the first overseas liaison offices of the China Textile International Production Capacity Cooperation Enterprise Alliance were established in five countries including Egypt, Cambodia, Myanmar, Vietnam, and Zambia.

According to reports, the "One Belt One Road" conference of China's textile industry is held every two years. The conference has been held for four sessions in Beijing, Shanghai, Nanjing and Shengze, bringing together global industry development experience and cross-industry wisdom, and discussing the capital, production capacity, market integration and win-win approach of China's textiles and the world's textiles.

02Interpretation of opportunities for textile trade and investment cooperation

During the 2021 China Textile Industry "One Belt One Road" conference, officials from Kenyan and Sri Lankan government departments and business associations were specifically connected to share online trade and investment cooperation opportunities in the local textile industry, which aroused positive responses from the audience. In an online interview, the two guests expressed their gratitude to the "Belt and Road" conference for the work done to help further the textile industry's international cooperation in further deepening, solidification, stability and long-term development, and to help enterprises realize the "sustainable double cycle of trade and investment". Platforms and bridges linking the world.

03 Kenya looks forward to investment in the entire textile industry chain

At this conference, Dr. Moses Ikila, Director of the Kenya Investment Agency, gave a detailed introduction on Kenya's investment environment and supporting policies. In the "Kenya Vision 2030" and the "Big Four" agendas released by Kenya, manufacturing and agriculture are both extremely important. Because Kenya has a relatively rich and well-educated young labor force, in order to create employment opportunities for these young labor forces, Kenya has been looking for sectors that can create a large number of employment opportunities, and the textile industry clearly has such advantages.

In addition, the textile industry has also brought many employment opportunities to women, and it can also promote the cultivation of cotton in arid areas with a high concentration of poverty across the country. It can even be seen from Kenya’s annual GDP that the government attaches importance to the textile industry.

04The export scale of Sri Lanka's region reached US$50 billion

Sukumaran, Chairman of the Forum of the United Apparel Association of Sri Lanka, introduced the investment environment in Sri Lanka. Currently, textile and garment exports account for 47% of Sri Lanka's total exports. The Sri Lankan government attaches great importance to the textile and garment industry.

As the only industry that can sink to the countryside, the clothing industry can bring more jobs and employment opportunities to the local area. All parties have paid great attention to the clothing industry in Sri Lanka. At present, most of the fabrics needed by Sri Lanka's apparel industry are imported from China, and local fabric companies can only meet about 20% of the industry's needs, and among these companies, the larger ones are joint ventures jointly established by Chinese companies and Sri Lankan companies.

Sukumaran believes that whether to invest in Sri Lanka depends not only on the environment in Sri Lanka, but also on the entire surrounding area, because it is only a one-week voyage to Bangladesh and Pakistan, and only a three-day voyage to India. The country's total clothing exports can reach 50 billion US dollars, which contains huge opportunities.

Free trade policy is also one of the reasons that attract many Chinese ports to come here. Sri Lanka is a country with relatively free import and export, and companies can also carry out "hub business" here, which means that investors can bring fabrics here, store them here, and then ship them to any other country. China is funding Sri Lanka to build a port city. Any investment made here will benefit the entire region, not only for Sri Lanka, but also for other countries.

picture

The China Textile Industry "One Belt One Road" conference is an authoritative exchange platform and professional cooperation link with the theme of the international layout of the textile industry and cooperation in the "One Belt and One Road" initiative. This conference provides industry companies in various local sectors with opportunities to have dialogues with their domestic counterparts and representatives of countries along the “Belt and Road”. Complementarity provides an important opportunity and further guides companies to follow the development of China's textile and apparel industry, better integrate into the global textile and apparel market, and achieve sustainable and healthy development of trade and investment.

Disclaimer: This article is compiled from the Internet, and the copyright belongs to the original author. If there is any infringement, please inform it in time and delete it after verification.