Widening Trade Gap

July 2005
Asia Monitor: South East Asia Monitor Volume 1;Jul2005, Vol. 16 Issue 7, p5
Country Report
Country Report
This article focuses on how export growth is slowing as textile quotas for rival producers are removed and the prolonged drought affects agricultural products. Exports expanded rapidly during the first five months of 2005, rising by 20.4 percent y-o-y to $11.97 billion. But, in the face of intensifying competition from rival garment makers, following the expiry of textile quotas for World Trade Organisation members, textile exports are likely to take a hit this year. Overall growth is set to halve to 12 percent in 2005 from 24.1 percent last year.


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