Home / Knowledge / News / Apparel/Garments / Sri Lankan apparel exporters eye emerging markets
Sri Lankan apparel exporters eye emerging markets
15
Mar '13
Due to the withdrawal of the EU GSP Plus (GSP+) trade concession and the ongoing recession in the largest apparel export markets such as the US and the EU, Sri Lankan garment exporters are eyeing on new and emerging markets for exports.

According to the data released by the Sri Lankan Apparel Exporters Association (SAEA), the clothing exports for 2012 were 5.3 percent lower than the exports in 2011.

Speaking to fibre2fashion, chairman of SAEA, Mr. Yohan Lawrence said, “We are working with the Export Development Board to develop new markets, encourage differentiation of product and to identify specific areas of competence since our exports have fallen due to the withdrawal of EU GSP Plus status and recession in both the EU and the US, which are the two largest export markets for Sri Lankan garments.”

The new GSP Plus ensures exporters from developing countries pay lower duties on some or all products exported to the EU market. GSP+ status also gives the customers a lower price as they will not have any duty on products made from fabrics of SAARC origin.

According to him, several garment buyers are shifting their orders to countries including Cambodia and Bangladesh since those countries offer a more competitive price due to their duty concessions. “Some of these are irrespective of their source of fabric,” he adds.

The European Union suspended the GSP plus tariff concession for Sri Lanka in August 2010.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Textiles | On 8th Dec 2016

R&D is key to textile industry’s growth: Kavita Gupta

Research and development is the key to the growth of the textiles...

Textiles | On 8th Dec 2016

Indonesia may ease procedures for raw material import

In order to boost the competitiveness of the domestic textile...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marten Alkhagen
Swerea IVF AB

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Bani Batra

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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