SERBIA: Textile Exports Up 8% In 2003
According to the organisation, exports for the 12-month period stood at EUR173.2 million, while the total value of textile imports increased 14 per cent year-on-year to EUR470.5 million.
Meanwhile, the country's textile and clothing industry marked a 37 per cent year-on-year decrease in yarn and fabric production in 2003, as well as a 32 per cent year-on-year fall in the production of finished textile products.
A lack of government incentives for Serbian exporters and increasing liberalisation of imports were to blame for the production slowdown, the chamber's textile and apparel adviser Zoja Stojanovic said.
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