VIETNAM: EU Increases Vietnam Garment Quotas
Vietnam's garment export quotas to the EU have been increased by 50-75 per cent, the country's the Ministry of Trade said last week.
The decision is in line an agreement signed in February this year in Hanoi.
According to the Vietnam Economic Times, the Ministry of Trade estimates Vietnam's textile garment exports to EU in 2004 will be between US$900 million and $1 billion, an increase of $300-400 million over the 2003 figure.
The country's total garment exports next year are expected to reach $4-4.2 billion.
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