Home / Knowledge / News / Apparel/Garments / Nicaragua's apparel sector successfully promoted in US
Nicaragua's apparel sector successfully promoted in US
18
Sep '12
During Nicaragua’s recent participation in this year’s Sourcing at MAGIC, the preeminent trade event of the international fashion industry, the country successfully promoted its burgeoning textiles and apparel sector, as well as its up and coming footwear industry, to global prestigious buyers and sellers.

Javier Chamorro Rubiales, Executive Director of PRONicaragua, the official investment and export promotion agency of Nicaragua, participated in a panel titled “Closer to home: Sourcing in the Americas”. During the panel participants had the opportunity to discover Nicaragua as an attractive sourcing option for footwear and apparel companies due to its many competitive advantages, which include speed to market-speed to profit, preferential market access, attractive fiscal incentives, high levels of productivity and competitive production costs.
 
Additionally, Nicaragua was highlighted as a feasible footwear sourcing destination during the “Footwear Sourcing Options: Regional Manufacturing Updates” presentation, led by Matt Priest, President of the Footwear Distributors and Retailers of America (FDRA). Brown Shoe Company, a billion dollar global leader in the footwear industry, has already began sourcing footwear from companies established Nicaragua.
 
The country also hosted a cocktail, where Francisco Sanchez, Under Secretary of Commerce of the International Trade Administration, gave a welcoming speech to attendants, including global fashion brands and industry leaders.
 
The FDRA, in its 2012 Annual Footwear Sourcing Forecast, showcased Nicaragua as a “rising star” with great potential to increase its footwear exports to the U.S., and mentions the country’s potential to position itself among top world industry leaders such as Cambodia. Furthermore, according to the results of a study of the textiles and apparel consulting firm O’Rourke Group Partners, Nicaragua was found to be the single most competitive option for sourcing numerous apparel products, not just in this hemisphere, but in some cases also compared to China, Vietnam and Bangladesh.

PRONicaragua

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Marcel Alberts
Eurofibers

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ritu Kumar
Label Ritu Kumar

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search