Home >

Nicaragua Textile Exports To The United States Will Face A Negative Impact.

2014/9/9 16:16:00 42

NicaraguaTextilesExport To The United States

The United States gives Nicaragua textile operators preferential treatment of TPL Tariff Preference Level annually, which will expire at the end of 2014. Although the United States Congress is still in the pending trial for extending the TPL case, it is analyzed that the case is bound to not be considered before December 31st, due to the fact that there are too many issues and major issues in the US.

Nicaragua businessmen and related associations are worried that the textile industry will face a negative impact.

according to

Nicaragua textile and Garment Industry Association

(Anitec) executive director Dean Garcia pointed out that the Nicaragua textile duty free export quota (TPL) could not be successfully extended at the end of 2014, and the textile factories that had invested in factories in Nicaragua in 2015 would not be able to enjoy cheap raw materials imported from other countries. The sale of manufactured products in Nicaragua to the United States would result in the loss of labour in the textile industry of 10 thousand to 15 thousand processing areas.

  

Nicaragua

Agri (Jose Adan Aguerri), chairman of the Supreme Council of private enterprises (COSEP), advocated that the textile industry, workers and government units should jointly study countermeasures to minimize the impact of the textile industry.

The Council pointed out that at present, the total number of employees in the processing export area is 108000, of which 71000 of the workers in the textile and garment factories are 71000. In the future, the allowance for textiles exemption from the US quota (TPL) will be estimated to cause 10 thousand to 15 thousand workers in the processing area textile industry to lose their jobs.

 

Textile garments

The Association believes that if the United States Congress can make a decision on the TPL case in the next 6 to 12 months, the unemployed population will be reinstated by 2016.

At present, 30% of the textile producers who make international famous brand garments in Nicaragua have TPL discount. If some garments are purchased from Costa Rica, which belongs to the United States and the Central American and Dominica free trade agreement (CAFTA) member countries, the duty-free export to the United States will not be affected.

However, whether the textile operators who invest in Nicaragua can still maintain their operations, remain in Nicaragua or move to other factories after the expiration of the TPL, which will expire at the end of 2014, will be an important factor that will affect Nicaragua's future economic development.

  • Related reading

O2O Opens New Mode Of Future Clothing Electricity Supplier

Association dynamics
|
2014/9/9 15:30:00
35

Vietnam's Declining Investment Environment Leads To Tucao

Association dynamics
|
2014/9/6 14:38:00
41

中国纺织工业联合会名誉会长:新疆在全国服装产业布局中的地位和作用

Association dynamics
|
2014/9/5 18:43:00
65

China'S Clothing Demand And Consumption Will Be Further Suppressed In The Future.

Association dynamics
|
2014/8/17 17:43:00
31

Outdoor Brand Clubs: Ties To Customer Loyalty

Association dynamics
|
2014/8/13 21:42:00
19
Read the next article

Smart Positioning Shoes Were Mad Robbed Cloud Official Website Was Downtime.

It is reported that cloud children's safety shoes in less than a month before the sale of appointments, more than 78 thousand people make appointments, become the most widely appointed children's intelligent positioning shoes. The popularity of the bookings allowed the clouds to have the courage to choose the same time to open the pre-sale time with Iphone 6.