just-style authors and correspondents
Ivan Castano Freeman
Articles by Ivan Castano Freeman
El Salvador’s textiles and apparel industry will set out a 15-year growth strategy in December in a bid to lift its fortunes amid toughening competition from Asian nations and neighbouring Honduras.
Peru’s struggling textiles and apparel industry could lose thousands of jobs if the government fails to stem a flood of sub- or undervalued Asian imports, according to industry association Sociedad Nacional de Industrias (SNI).
Colombia’s textile and apparel industry is expected to grow 13% to over $11bn this year – more than double last year's rate – driven by strong local demand and a small gain in exports.
A plan to transform Honduras into Central America's largest synthetics and value-added sportswear supplier faces training, financing and energy challenges, concedes Jesus Canahuati, the private sector's representative in the new 'Honduras 2020' development initiative.
Honduras is set to more than double apparel exports and production as part of a new $3.4bn development plan, according to a top industry executive.
Mexico is being urged to overhaul a newly expanded set of import reference prices US apparel makers say are hampering trade, causing delays and blocking much-needed fabric imports at a time when the country continues to lose market share to Vietnam and Central America.
Central America must do more to make better use of the flexibilities of the Dominican Republic-Central America Free Trade Agreement (DR-CAFTA) with the United States, and move to leverage the so-called staging categories of the Trans-Pacific Partnership (TPP) to boost its competitiveness, according to experts.
Mexico's footwear industry hopes to grow production by 5% this year, helped by a strong dollar and rising local demand, says Veronica Salazar, general manager of trade footwear show Sapica.
Mexico's textile sector is eyeing growth of 4% this year but faces looming threats including the Trans-Pacific Partnership (TPP) and Donald Trump's proposal to barricade its US border – which some executives estimate could trigger $2bn in annual trade losses.
Central America's textile exports are expected to slow this year as Vietnam continues to gain US market share, throwing the region into a scramble to devise new competitive strategies.
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