From segment:
Another driver of the growth in the African textile industry are rising costs in Asia.
“You know, costs in China, which is the world’s largest apparel manufacturer by far, have been going up," says Kimberly Elliot, a senior fellow with the Center for Global Development. "Wages in particular have been going up for several years now.”
China and Vietnam still account for over 50 percent of all U.S. clothing imports, and Elliot doesn’t expect that to change any time soon. “This shift is still pretty small, the numbers are still pretty small relative to the global textile and apparel market.”
Listen to full segment here.
