Competition In The Textile And Apparel Trade Between China And Asean And Complementary Research

The foreign trade of China and ASEAN countries in the past ten years grows rapidly, also the development of bilateral trade in both textile and garment industries between these two economies grow fast in the last decade. But the concern also becomes greater and greater in these years. On the one hand, China and ASEAN countries are both developing countries, and they share similar advantages in both textile and garment industries. Moreover, their major export markets of textile product and garment product are both developed countries such as the United States, Europe Union and Japan.As a result, the competition of textile industry and garment industry between these two economies are becoming fiercer and fiercer in recent years. On the other hand, although the development of bilateral trade between China and ASEAN countries in these industries increase a lot in recent years, the scale of it does not match with the economic status of both economies, not to mention the high frequency of trade friction events between China and ASEAN countries.As a result, whether the complementary ability of bilateral trade in textile industry and garment industry is fully explored has always been a question which worth considering. This paper aims to use the combination of theoretical analysis and empirical analysis to work out the comparative competitiveness of textile industry and garment industry between both sides. In addition to this, this paper also needs to analyze the prospect of bilateral trade in these industries, and also we expect that we can work out a list of the specific products which have complementary trend between China and ASEAN countries.Based on the data analysis of China and ASEAN in textile industry and apparel Industry, we can find some problems still existing in bilateral trade cooperation between China and ASEAN countries. To solve these problems and strengthen bilateral industrial cooperation, the paper needs to give policy recommendations in the end.