With the Asia-Pacific Strategic Economic Partnership (TPP) agreement coming into effect from 2012, the Malaysian government will be required to relax its regulations on foreign labor control, which can help the country's garment and textile industries use the favorable conditions of the US market.
The United States, as the largest importer of Malaysian apparel and textile products, imported 35-40% of clothing and textile items from Malaysia last year, with imports amounting to 8.9 billion ringgit.
Malaysia’s current exports of cotton and man-made fibres to the United States have attracted tariffs of 17% and 30%, respectively, and Malaysia therefore negotiates with U.S. authorities to negotiate prices and demand cancellations, at least cutting these tariffs to the minimum.
Negotiations are expected to resume in 2012 and be implemented simultaneously with the Asia-Pacific Economic Partnership Agreement. The cancellation of these tariffs will allow Malaysian garment and textile exporters not only to increase exports to the US market, but also to increase exports to Asia-Pacific partners.
Chile, Australia, New Zealand, Brunei, Singapore, Peru and Vietnam, as well as the United States and Malaysia, are members of the Asia Pacific Economic Partnership Agreement.
But then, the lack of foreign labor will minimize the benefits of implementing the Asia Pacific Economic Partnership Agreement. This year, the lack of foreign labor remains a major factor in limiting exports.
This year, the lack of foreign workers has hindered Malaysian textile and garment manufacturing companies from obtaining additional orders. This year, Malaysia’s textile and apparel sector’s exports remained at 8.9 billion ringgit, which was basically the same as last year.
In the first nine months of this year, Malaysia exported $6.5 billion in textile and apparel products.
In 2008, Malaysian exports of textiles and clothing to the United States amounted to 2.4 billion ringgit, which dropped to 1.8 billion ringgit in 2009, mostly due to the lack of foreign labor.
The United States, as the largest importer of Malaysian apparel and textile products, imported 35-40% of clothing and textile items from Malaysia last year, with imports amounting to 8.9 billion ringgit.
Malaysia’s current exports of cotton and man-made fibres to the United States have attracted tariffs of 17% and 30%, respectively, and Malaysia therefore negotiates with U.S. authorities to negotiate prices and demand cancellations, at least cutting these tariffs to the minimum.
Negotiations are expected to resume in 2012 and be implemented simultaneously with the Asia-Pacific Economic Partnership Agreement. The cancellation of these tariffs will allow Malaysian garment and textile exporters not only to increase exports to the US market, but also to increase exports to Asia-Pacific partners.
Chile, Australia, New Zealand, Brunei, Singapore, Peru and Vietnam, as well as the United States and Malaysia, are members of the Asia Pacific Economic Partnership Agreement.
But then, the lack of foreign labor will minimize the benefits of implementing the Asia Pacific Economic Partnership Agreement. This year, the lack of foreign labor remains a major factor in limiting exports.
This year, the lack of foreign workers has hindered Malaysian textile and garment manufacturing companies from obtaining additional orders. This year, Malaysia’s textile and apparel sector’s exports remained at 8.9 billion ringgit, which was basically the same as last year.
In the first nine months of this year, Malaysia exported $6.5 billion in textile and apparel products.
In 2008, Malaysian exports of textiles and clothing to the United States amounted to 2.4 billion ringgit, which dropped to 1.8 billion ringgit in 2009, mostly due to the lack of foreign labor.
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