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Related Keywords: Akira Amari, establishes proactive role, gain access to US market, Japanese Minister of State for Economic and Fiscal Policy, Japanese Ministry of Foreign Affairs conference, opportunities for textile and garment industry, setting up new global standards and rules, Southeast Asian nation, taking part in the TPP, Vietnam, Vietnam active engagement

Vietnam, the Southeast Asian nation by taking part in the TPP has established a proactive role in joining other countries in setting up new global standards and rules, said Japanese Minister of State for Economic and Fiscal Policy Akira Amari during a press conference at the Japanese Ministry of Foreign Affairs.

Related Keywords: fibre and fabrics, foreign exchange, global competitive challenges, Indonesian textile industry, knitted or crocheted fabrics, man made filament, provide employment, registered growth in import, Southeast Asian nation, Textile and Clothing industry

The Southeast Asian nation of Indonesia in the first quarter (Jan to Mar) of 2015, imported US$ 330 million worth of man-made filaments registering a growth of 11.15 percent over imports of $296.9 million made during the corresponding period of 2014, according to the data from Statistics Indonesia.

While, knitted or crocheted fabrics imports increased by 7.31 percent to $327.4 million compared to imports of $305.1 million made during the same period last year, the data showed.

Related Keywords: attractive destination, expand market share, foreign firms in Asia, foster cooperation in textile, India Vietnam business meet, Indian FDI in Vietnam, Indian made goods and services, investment and trade, Make in India program, raise bilateral trade and investment relationships, Southeast Asian nation, Vietnam and India

The Southeast Asian nation is an attractive destination in investment and trade for foreign firms in Asia, including those from India, as it is expected to become a large regional economy in the future thus Vietnam and India need to work together to raise bilateral trade and investment relationships to a new level to match their potential, Rajiv Kher, Commerce Secretary of India stated at the India-Vietnam Business Meet 2015 held in Ho Chi Minh City on Wednesday.