China and India promote the development of Asia-Pacific Textile Industry
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Sinnott [2011-05-20]
Asia-Pacific area textile market is global biggest and most active textile market that is driven by manufacture markets of China and India. In 2004, chemical fiber in Asia-Pacific the industry with most profit generate sale of $83.4billion. The free trade agreement signed by China and India strengthen the dominant status of Asia-Pacific area in world textile market by solidifying regional cooperation. Asia-Pacific nearly accounts for 40% of world textile market share compared with US 22%, EU 34%.