Chinese textile company Suvim will export 10 million towels for the upcoming Olympic Games in Tokyo.
The company’s towel exports to Japan have increased despite the pandemic and tariff rates for China that are far above those for its neighbors like Vietnam. Significantly, the manufacturer is preparing ten million towels for the upcoming Olympic Games in Tokyo.
Since their first overseas order from Japan three decades ago, Sunvim has built a partnership with over 100 Japanese companies.Over the years, they’ve been among traders reshaping the two markets.
The company has R&D facilities in Japan where it hoped to benefit further from IP cooperation through joint programs,says Xiao Maochang, Chairman. This is a great chance for China’s textile industry to showcase its competitive advantage in global trade, he adds.
Though the true effect of the RCEP pact remains to be seen, the company has already received orders of towels for Tokyo Olympic village and the Games’ commercials.