COLOMBIA: Gearing up for next textile and clothing showcase
Hot on the heels of a tour to showcase Colombia's leading clothing brands to US buyers and investors, the industry is now gearing up for the next major fashion industry event in July.
Colombiamoda 2014 + Textiles2 + Modapara el Mundo shows is expected to attract more than 1,780 international buyers from 50 countries and 6,400 national buyers.
The 25th Annual Colombiamoda will for the second time run alongside Textiles2, a specialised platform for manufacturers, textiles and full-package suppliers. It will also be joined by the second annual Modapara el Mundo fair, which highlights mass-market fashion, with a social focus.
Colombia's the textile and clothing industry represents more than 7.5% of manufacturing gross domestic product (GDP) and 0.8% of overall domestic GDP.
"The growth of Colombia's fashion industry, including both the finished products and raw materials coming out of the country, represents our continued commitment to be in line with the trends and needs of international consumers," says Maria Claudia Lacouture, president of Proexport, the Colombian government agency charged with promoting trade, investment and tourism.
"Colombia's fashion industry is recognised as a viable option for foreign investment due to our ability to operate in both a time efficient and flexible manner.."
In 2013, Colombia exported US$256.8m worth of fashion-related goods to the US, including US$5.4m of yarn, US$14.7m of fabric and more than US$236m of apparel. Likewise, Colombia also imported US$243.3m worth of fashion-related goods from the US.
"The world economy is making great strides, in recent years focusing investor attention on new markets such as Latin America. This is continued proof of the region's growth," adds Carlos Eduardo Botero, president of Inexmoda.
Colombiamoda 2014 + Textiles2 + Modapara el Mundo will take place in Medellín, Colombia from 22-24 July.
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