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Vietnam garment and textile sector to benefit from direct raw cotton trade with Africa

Related Keywords: African cotton, intermediary wholesaler, International Trade Centre, raw cotton, raw material, Trans-Pacific Partnership agreement, Vietnam Cotton & Spinning Association, Vietnam textile and garment sector

The rapidly growing textile and garment sector of Vietnam is excessively dependent on imported raw material for which it pays exceedingly high prices, as most of the raw materials for the sector originate in Africa and are sold to Vietnamese manufacturers through intermediary French, Swiss and Indian wholesalers.

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