Significant positive news! The BRICS family welcomes 9 A partner country! What new opportunities will it bring to textile and clothing exports?

#Industry News : 2025-01-04

recently, Foreign Ministry spokesperson Mao Ning presides over regular press conference. A reporter asked, Russia announces BRICS partner list, Widely concerned by the international community, Could you please introduce the specific situation?

 

Mao Ning said, this year 10 the moon, President Xi Jinping attends the BRICS Kazan Summit, Reached important consensus with other BRICS countries on establishing partner countries. This is after achieving historic expansion last year, Another important progress in the development process of BRICS. After the summit, China actively cooperates with the Russian presidency, Collaborate with BRICS member countries to promote partner country work, Final determination of Indonesia, Malaysia, Thailand, Belarus, Bolivia, Cuba, Kazakhstan, Uzbekistan, Uganda will 2025 year 1 the moon 1 Japan officially becomes a partner country of BRICS countries.

 



The BRICS countries are truly doing great things silently! The number of member states has been expanded again, With the addition of new members, The total population of BRICS countries is nearly half of the world's total, Having enormous consumption potential. The total economic output accounts for over 30% of the global total, The contribution rate to world economic growth exceeds 50%. Textile and clothing industry as a traditional pillar industry, We will benefit greatly from this vast market. for example, The textile and clothing industries of India and China occupy an important position in the global market, And newly joined Southeast Asian countries such as Indonesia and Malaysia also have abundant textile resources and labor advantages, Provided ample space for further cooperation.

 

Characteristics and advantages of textile and clothing industry in member countries

 

India is renowned for its long textile history and exquisite traditional craftsmanship. India's cotton textile industry is particularly developed, Its cotton fabric is soft, Comfortable and unique patterns are loved by consumers worldwide. in addition, Silk products from India, Like the silk saris of Bangalore, Also a darling of the high-end clothing market.

 

China, as a major player in the global textile and clothing industry, Having a complete industrial chain and advanced production technology. From fabric to finished clothing, Chinese products are renowned worldwide for their high quality and competitiveness.

 

Newly joined partner countries such as Indonesia and Malaysia, Each has its own advantages in the textile and clothing industry. Indonesia mainly produces yarn and fabrics, Its products have a certain market share in the international market. Malaysia focuses on innovation and development in the textile and clothing industry, Breakthroughs have been made in the fields of functional fabrics and high-end clothing.

 

Lowering trade barriers and improving industrial chains

 

Trade barriers between BRICS countries will be further reduced, The circulation of textile and clothing products will be smoother, Helps to form a more complete industrial and supply chain. Chinese textile and clothing enterprises can export their products to countries such as Indonesia and Malaysia more conveniently, Utilize local resources and labor advantages, lower production cost. at the same time, Indonesian and Malaysian companies can also more easily access China's advanced production technology and equipment, Improve production level and product quality.

 

The concept of mutual benefit and win-win cooperation and the driving force for development

 

The mutually beneficial and win-win cooperation concept advocated by BRICS countries will bring new development momentum to the textile and clothing industry. BRICS countries adhere to non-interference in other countries' domestic affairs and promote common development, Committed to developing friendly relations with various countries. Under this collaborative framework, Textile and clothing enterprises can conduct cross-border investment and cooperation more conveniently, Share technical and management experience, Enhance product quality and competitiveness.

 

Future prospects

 

With the continuous deepening of cooperation among BRICS countries, The prospects of the textile and clothing industry will be even broader. first, More trade agreements and cooperation projects will gradually be implemented, Further reduce trade costs, Improve the circulation efficiency of textile and clothing products. This will enable companies to adjust their supply chain and market demand more flexibly, Optimize the allocation of resources.

 

 

next, The investment of BRICS countries in technological innovation and talent cultivation continues to increase, Will provide strong support for technological progress in the textile and clothing industry. Enterprises can leverage these platforms, Strengthen technology research and innovation, Launch more competitive new products.

 

in addition, With the gradual recovery of the global economy and the continuous upgrading of consumer demand, The textile and clothing market will usher in new growth points. Especially in sustainable development, Green environmental protection and other aspects, BRICS countries can promote the development and dissemination of industry standards through cooperation, Enhance the sustainable development level of the entire industry.

 

in short, The expansion of the BRICS family has brought new opportunities and challenges to the textile and clothing industry. Enterprises need to seize this historic opportunity, Actively participate in cooperation projects among BRICS countries, Strengthen technological innovation and brand building, Enhance one's international competitiveness. Believing in the promotion of the BRICS cooperation mechanism, The textile and clothing industry will usher in a more brilliant tomorrow, Contribute greater strength to the development of the global economy.


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