Home / Knowledge / News / Apparel/Garments / FTAs to boost Peruvian apparel exports this year
FTAs to boost Peruvian apparel exports this year
27
Feb '12
The apparel exports from Peru are likely to grow this year to US$ 1.8 billion, a 23 percent rise compared to garment exports of US$ 1.423 billion achieved in 2011.

Of this, around US$ 800 million to US$ 900 million worth of clothing items are estimated to be exported to countries in the Central American region, according to Carlos Durand, President of the Chamber of Commerce of Lima (CCL).

Mr. Durand was speaking at 'Speed Fashion 2012', an event organized by CCL in association with the Ministry of Production, to enable garment manufacturers and representatives of retail stores to discuss various issues affecting their business and to identify new opportunities for mutual benefit.

He said the free trade agreements (FTAs) signed by Peru with Central American countries like Mexico, Panama, Guatemala and Costa Rica will boost Peruvian apparel exports to these countries.

He added that Peru's small and medium enterprises have an excellent opportunity to promote their products in the region.

The demand for Peruvian apparels in foreign countries, especially those made from Pima and Tangüis cotton, is increasing due to their product quality and design, he mentioned.

Currently, Peru imports more garments than it exports, and in 2011, it imported 244 million clothing items against its exports of 194 million.

Ironically, the average price of apparels imported by Peru is US$ 1.6 per piece, which is much lower than the average price of US$ 3.9 per garment exported by Peru.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd Feb 2017

India to produce 341 lakh bales cotton in 2016-17: CAI

The Cotton Association of India (CAI) has maintained in its January...

Textiles | On 22nd Feb 2017

'India to be self-sufficient in silk production by 2020'

Indian could be self-sufficient in silk production by the year 2020...

Courtesy: London Fashion Week

Fashion | On 22nd Feb 2017

India bags best country award at London Fashion Week

The International Fashion Showcase (IFS) Country Award was given to...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search