PART III Trading Partners CHAPTER 11-1. ASIA AND OCEANIA FDM 471 - PowerPoint PPT Presentation

PART III Trading Partners

CHAPTER 11-1. ASIA AND OCEANIA FDM 471 Youngjin Bahng

OBJECTIVES  Comprehend the magnitude of Asia as a political and economic trading bloc  Appreciate the economic and political positions of individual countries within Asia  Examine the status of the textile and apparel business in selected Asian and Oceania countries  Project textile and apparel trading trends for Asian countries into the period following the phase-out of the quota system 3

INTRODUCTION  Asia is the largest continent; countries range from fully developed to least developed  Contains the world’s two most populous nations, China and India  Half of the Asian continent’s countries have populations smaller than New York City  Oceania consists primarily of two developed island countries, Australia and New Zealand 4

POLITICAL AND ECONOMIC OVERVIEW  Asia and Oceania have been subdivided into the following four groups of nations:  East Asia: China, South Korea, Taiwan, and Japan  Southeast Asia: Hong Kong and eight of the ten ASEAN (Association of Southeast Asian Nations) countries  South Asia: Pakistan to Bangladesh  Oceania: Australia and New Zealand 6

ASIAN REGIONAL COLLABORATION  The As Asia-Pacif acific c Ec Economic onomic Cooperation ooperation (A (APEC) PEC), established in 1989 as a forum for facilitating economic growth, cooperation, trade, and investment in the Asia-Pacific region  Across-the-border connectivity in the form of regional and bilateral trade agreements is already in place, with many more on the horizon 7

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ECONOMIC AND INDUSTRIAL  China has the largest population; India is STANDING OF second COUNTRIES IN  East Asia and Oceania have longer life expectancies and higher literacy rates than do REGIONS OF Southeast Asia and South Asia ASIA AND  Based on GDP, China has the second largest economy in the world, followed by Japan, OCEANIA Germany, and India  Japan, Australia, and New Zealand rank among the most fully developed nations in the world  Overall, Oceania is rich; East Asia is relatively rich, except for China; Southeast Asia is relatively poor, except for Singapore; and South Asia is poor 10

OVERVIEW OF ASIAN TEXTILE AND APPAREL TRADE  Migration of textile and apparel production to Asia began over 60 years ago  At peak in the early 1980s, Hong Kong, Taiwan, and South Korea (the “big three”) supplied almost 30 percent of world exports of textile and apparel  China exports tripled to nearly $120 billion, overtaking the EU, with “only” $112 billion  Developed countries Australia and New Zealand both have increasing textile and apparel imports 13