Blog: Leonie BarrieDo trade deals rule?

Leonie Barrie | 23 March 2007

Next month the annual Apparel Sourcing Show takes place in Guatemala City – the timing meaning that it will provide both exhibitors and visitors with a chance to take stock of the first full year of the US-Central America and Dominican Republic Free Trade Agreement (CAFTA-DR) and what it has meant for the region’s clothing and textile industry so far.

At a seminar organised in New York last month, Guatemala’s Apparel and Textile Industry Commission (VESTEX) pointed out that the duty-free advantage is not an exclusive benefit to the CAFTA-DR countries. Instead, the region is supplementing this and its proximity to market with a range of full service capabilities, including “clusters” that embrace everything from fabrics, yarns and threads from regional mills, to trims and post-assembly processing, even to design support.

It’s a view that has been echoed on the other side of the world too. Earlier this month at the Textile Institute conference in Sri Lanka, US attorney Brenda Jacobs questioned the relevance of trade deals to a country that is able to satisfy its buyers in other ways – such as reducing product cost, legal and ethical compliance, shortening lead times, increasing flexibility, good quality, and logistics. 

From concept to consumer


HOT ISSUE

CAFTA-DR one year on

Last May, Guatemala’s textiles and apparel industry celebrated the implementation of the Central American Free Trade Agreement (CAFTA-DR) as a move that would enable one of the country’s largest trade...

BLOG

China still dominates apparel sourcing

The latest full-year data on US apparel import trends for 2017 suggests China will remain the dominant sourcing region for some time to come....

BLOG

Retail's rapid transformation requires "platform thinking"

There’s no doubt the retail industry is undergoing rapid transformation as technology continues to reshape how retailers think about their supply chains and meeting their customers’ needs. But to posi...

BLOG

NAFTA trade talks inch forward

Negotiators are meeting this week for the sixth round of NAFTA trade talks – and as soon as this deal has been repackaged, the spotlight could turn to the US free trade agreement with Central America....

just-style homepage



Forgot your password?