The US International Trade Commission (USITC) is diving deep into the apparel industries of five Asian giants – India, Bangladesh, Cambodia, Indonesia, and Pakistan – to assess their export potential in the lucrative US market. Initiated by the US trade representative, this comprehensive, fact-finding investigation aims to shed light on evolving market shares of these five countries, their changing trade patterns, and key competitive drivers.
To be published by August 30, this public report will offer a detailed breakdown of each country's apparel prowess, delving into areas like investments, vertical integration, duty-free access, labor costs, and product differentiation. It will reveal crucial shifts in the competitive landscape by comparing their current US market share with snapshots from five and ten years ago.
Beyond individual analyses, the USITC will meticulously assess the overall export competitiveness of each of these countries in the US market, taking into account critical factors like trade trends, industry structure, pricing and cost dynamics, product uniqueness, and delivery reliability. This in-depth evaluation will offer valuable insights for both policymakers and industry stakeholders.
To gather comprehensive data and perspectives, the USITC will convene a public hearing on March 7. This open forum will provide interested parties a platform to share their input and contribute to the investigation's thoroughness.
