By  on June 23, 2005

GENEVA — Multinational textile and apparel powerhouses from China, Taiwan, Hong Kong and South Korea will strengthen as the companies increase their global production, a U.N. report said.

In anticipation of the end of quotas this year, 275 foreign direct investments related to textiles and apparel manufacturing were registered worldwide. China ranked first with 48 projects, followed by India, nine, and Vietnam and Thailand, eight each, according to the study, “TNCs [transnational corporations] and the Removal of Textiles and Clothing Quotas,” by the U.N. Conference on Trade and Development.

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