When many Chinese garment enterprises for foreign trade business suffer and worry, some Chinese businessmen have to will own business temporarily moved to African countries and in developing the local market at the same time, to avoid the economic situation changes brought about by the adverse effects. Global foundry industry chain from Europe and the United States transfer to Asia Japan, South Korea and China's Hong Kong, Taiwan, until in mainland China, and is now gradually shifted to the Southeast Asian countries such as Vietnam, Cambodia, and has been extended to Africa. Among them, the textile and garment industry is the most obvious.
Africa may be the last piece of the textile and garment industry, the value of depression". All of this is due to the increasing saturation of the global market for clothing and the cost of a variety of enterprises, and the financial crisis sweeping the globe has played a role in fueling the global financial crisis. "We are optimistic about business in Africa, Africa from Europe and the United States market nearly, and main cotton producing regions, customers are also very good cooperation." Fujian Quanzhou Caroline Garments Co., Ltd. the competent foreign trade Yao Qiaoe said compared with countries in East and Southeast Asia, the East African countries in addition to cheap labor, the clothing transport to Europe or the United States at lower cost. With the development of the local cotton industry in Africa, local resources can be purchased to further reduce costs.
International giant H & M, Tesco, Primark and other enterprises have also started from Ethiopia to purchase, because the country does not have the lowest salary limit, for unskilled workers, monthly salary is only $35 to $40, obviously is much lower than the Burmese. These foreign clothing companies are very popular in African countries, they also have a lot of cheap labor and energy profits due to the local rich. Kenya's garment industry is also developing, though the country's workers are paid about $120 a month, but the government has attracted the foreign investors with a wealth of incentives.
