Textile
| MERCOSUR textile market: A new frontier for Vietnamese exports
Pic: Adobe Stock
Insights
- Vietnam is strategically targeting the MERCOSUR textile market despite facing high tariff barriers, with import duties reaching **.** per cent on key products.
- Competing with China, Bangladesh, and Brazil, Vietnam's share is currently small but growing.
- If tariffs drop, trade creation could significantly boost Vietnamese textile exports, particularly in synthetic swimwear and children's apparel.