Sri Lanka Textile Exports Show A Downward Trend

2010/11/23 10:04:00 58

Sri Lanka

The garment buyer Association (SLGBOA) recently said that due to the cancellation of the EU market in the middle of the year, Sri Lanka was granted.

Garment export

The preferential tariff policy, coupled with the decline in garment exports from Sri Lanka to the United States, will lead to a sharp decline in clothing exports in Sri Lanka this year.

It is reported that Sri Lanka's apparel exports to the European Union and the United States account for 94.5% of its total exports of garments.

In the 1-8 month of this year, the export of garments products to the US dropped by 4.6% to 833 million US dollars.

EU market

Exports are likely to drop by about 10%.

Review:

The Sri Lanka JAAF has recently proposed a five year strategic plan to the government to develop the clothing sector, emphasizing the nature of the new market for the garment industry.

Sri Lanka is a representative of Sri Lanka garment factory.

Its secretary general, Rohan Mara Clara, explained that the five year strategic plan focused on the market, such as Japan, Russia, India and China, and emerging markets in South America.

The plan emphasizes the need to serve the high slot Market in Australia and other countries.

Opportunities for new markets will be promoted through signing trade agreements with emerging markets.

Massa Clara said: "a forward-looking policy is very important, not only for clothing, but also for the entire export."

He added that the plan proposes to engage in Sri Lanka brand clothing action to enhance the value chain and the status of the country as a clothing procurement destination.