Research and Markets: Due to Increased Exports to US, Colombia's Textile and Clothing Industry Holds Prominent Position in Economy.DUBLIN Dublin, city, Republic of Ireland Dublin, Irish Baile Átha Cliath, county borough (1991 pop. 915,516), Leinster, capital of the Republic of Ireland, on Dublin Bay at the mouth of the Liffey River. , Ireland Ireland, Irish Eire (âr`ə) [to it are related the poetic Erin and perhaps the Latin Hibernia], island, 32,598 sq mi (84,429 sq km), second largest of the British Isles. -- Research and Markets (http://www.researchandmarkets.com) has announced the addition of Prospects for the Textile and Clothing Industry in Colombia Colombia (kəlŭm`bēə, Span. kōlōm`byä), officially Republic of Colombia, republic (2005 est. pop. 42,954,000), 439,735 sq mi (1,138,914 sq km), NW South America. Bogotá is the capital and largest city. to their offering. In 2003 Colombia's textile and clothing exports to the USA, the industry's most important trading partner, were 51% higher than those recorded in the previous year. This increase can single-handedly be attributed to an extension of the Andean Trade Promotion and Drug Eradication eradication extermination of an infectious agent so that no further cases of the related disease can occur. virtual eradication Act (ATPDEA ATPDEA Andean Trade Promotion and Drug Eradication Act ) in October 2002, which provided Colombian textile and clothing exports with quota-free and duty-free access to the USA. This strong performance has pushed the textile and clothing industry into a prominent position in Colombia's economy. Indeed, in 2003 textiles and clothing represented the country's fourth largest export earner--ahead of one of Colombia's most famous exports, coffee. The main contributors to the growth in textile and clothing exports have been Colombia's low labour costs, its proximity to the US market, and the industry's verticalised structure--from fibres to finished garments. However, the industry is now at a crossroads. Clothing manufacturers are not able to make full use of the ATPDEA as they are being held back by a shortage of locally produced fabrics. Government initiatives to encourage new investors are stifled sti·fle 1 v. sti·fled, sti·fling, sti·fles v.tr. 1. To interrupt or cut off (the voice, for example). 2. by concerns over ongoing internal civil strife. The industry is heavily dependent on US customers, but is vulnerable to competition from Asian clothing suppliers who will gain access to the US market free of quota quota In international trade, a government-imposed limit on the quantity of goods and services that may be exported or imported over a specified period of time. Quotas are more effective than tariffs in restricting trade, since they limit the availability of goods rather restrictions in 2005. Furthermore, the ATPDEA is due to end in 2006, and a new free trade agreement with the USA has yet to be negotiated. Information provided in this report includes: - Geographical, political and economic profile - Infrastructure - Importance of the textile and clothing industry to the Colombian economy - Development of the textile and clothing industry in Colombia - Location, employment, ownership and investment in the textile and clothing industry in Colombia - Structure of the textile and clothing industry in Colombia - Main trading partners - Trade agreements - Support organisations and initiatives For more information visit http://www.researchandmarkets.com/reports/c4647 |
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