SOUTH KOREA: US Apparel Orders Continue To Slide
Trade and industry experts on Tuesday warned South Korea is rapidly losing its share of the lucrative US clothing market to rivals from emerging Latin American and developing Asian nations. According to a report by the Korea Institute for Industrial Economics and Trade (KIET), its slice of the US apparel market fell to 3.4 per cent in the first seven months of this year amid fierce competition and preferential trade terms for Latin American countries.
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