MOROCCO: Clothing industry needs "clear and practical plan"
The Moroccan clothing and textile industry has called on the government to work with the sector to boost exports after the release of figures showing production fell in 2013 compared to 2012.
The country's foreign exchange department (l'Office des Changes) said that the sector's exports fell from MAD28.2bn (US$3.4bn) in 2012 to MAD26.3bn (US$3.2bn) last year.
Speaking to just-style, Mohamed Tazi, the director general of industry association AMITH (Association Marocaine des Industries du Textiles et de l'Habillement), said despite the poor performance, there were "many indicators that call for optimism, concerning the future of the textile industry in Morocco.
"What is needed now is a clear and practical plan to enhance cooperation between companies and the government," he said, citing government goals of exporting MAD85bn worth of clothing and textiles by 2025 and creating 250,000 jobs as a result.
The problem is that between 2012 and 2013 exports fell sharply - by around 10.8% - with l'Office des Changes officials citing strong competition from Turkish, Indian and Chinese companies.
Morocco's ministry of trade, industry and new technologies is preparing a 10-year technological investment and sales promotion programme aimed at increasing exports to Europe.
- Expensive US dollar hitting H&M sourcing costs
- Enthusiasm for tech in outdoor apparel on rise
- 2015: Welcome to the new fashion consumer
- Apparel industry gains traction says IAF chief
- Performance apparel set for continued growth
- Kanati pulls production out of Pakistan
- Sears Holdings cuts 115 corporate jobs
- H&M Q4 mixed but plans 400 new stores
- JC Penney to close 10 Foundry stores
- UK clothing sales see strongest rise in two years
- Myanmar's Garment Sector - Opportunities & Challenges in 2015
- Outdoor performance apparel: peaks, valleys, and green fields
- Apparel Retail: Top 5 Emerging Markets Industry Guide
- Li & Fung Limited (494) - Financial and Strategic SWOT Analysis Review
- Management briefing: Outlook 2015: Apparel industry issues in the year ahead