Textile exportsv to US collapse

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Textile and apparel exports from local manufacturers to the United States crumbled last year, falling 45% to US$5.86 million (P53 million) as a cocktail of adverse factors kept the local sector out of the lucrative market.

In previous years, the local industry flocked to the US market empowered by the African Growth and Opportunities Act (AGOA), which provides duty free access and also allows manufacturers to source their fabric from other countries.

Although textile exports under AGOA peaked at US$15.5 million in 2011, they have generally been declining for years due to factors such as the effects of the global recession, greater competition for the US market with giants such as China and Vietnam, higher quality and volume demands from the US and local capacity constraints.

Editor's Comment
UDC's 100 Days: Please deliver your promises!

We duly congratulate them to have ousted the long ruling Botswana Democratic Party (BDP) from power. Prior to taking power from the BDP, the coalition had made several election promises that are credited for influencing change and swaying the people to vote in its favour.The party had made an undertaking, which its leader and President Duma Boko consistently bellowed in his campaign trail. These undertakings were promises that Batswana would be...

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