Home / Knowledge / News / Apparel/Garments / Sri Lankan apparel exports to EU may dip after 2014: Study
Sri Lankan apparel exports to EU may dip after 2014: Study
07
Feb '13
From 2014 onwards, it might become difficult for Sri Lanka to export its apparels to the European Union, as it may lose its market share to other competitor countries like Bangladesh, Cambodia, India, Pakistan and Vietnam, according to a recently released study by the Institute of Policy Studies (IPS).
 
In 2010 and 2011, Sri Lankan share in EU garment market witnessed a marginal decline compared to 2009, and it is expected to decline further, as the EU GSP Plus concessions have eroded, says ‘Sri Lanka: State of the Economy 2012’, released by the IPS.
 
Sri Lankan garments would have to pay higher tariffs to enter the EU once the new reforms come into effect in 2014, the study says.
 
On the other hand, Bangladesh already enjoys GSP Plus concessions, while Pakistan is also likely to become eligible soon for such concessions. Moreover, India is likely to soon sign a free trade agreement (FTA) with the EU, which would provide tariff preferences to Indian apparels in EU from 2014.
 
Hence, in view of competitor countries gaining tariff concessions, it would be a challenge for Sri Lanka to secure its market share in the EU after 2014, according to the report.
 
Sri Lankan apparels have also steadily lost their market share in the US from about 2.3 percent in 2005 to just 1.8 percent in 2011, the study adds.
 
The report suggests that the Sri Lankan garment sector should diversify its export market and commends the rapid inroads made in to new markets like Turkey and the UAE in recent years.

Fibre2fashion News Desk - India

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

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Claudia Kersten
Global Organic Textile Standard

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

Eamonn Tighe
Nature Works LLC

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
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