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Asia Sourcing Update (July 2017)



▪ ILO reports higher exports of garments and footwear in 2016, but fewer factories and less employment in the sector

▪ Two pending laws raise concerns among US buyers

▪ Skills gap is the biggest challenge facing garment factories



▪ Exports surge 24% yoy in May

▪ Indonesia and China sign economic cooperation deals

▪ S&P upgrades Indonesia’s rating to investment grade status



▪ GDP growth loses momentum in the first quarter

▪ The country risks losing EU’s GSP+ status unless human rights situation improves

▪ Disruptions due to anti-ISIS fight in Mindanao will have minimal impact on economy



▪ GDP expands by 3.3% yoy in the first quarter

▪ Exports in May post fastest growth in four years

▪ Eastern Economic Corridor initiative lures foreign investment



▪ TPP negotiators to convene in Japan in mid-July

▪ IFC helps apparel and textile suppliers in Vietnam improve resource efficiency

▪ Garco 10 plans to export garment products to Japan through Uniqlo and Aeon


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Content provided by Fung Business Intelligence
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