Home / Knowledge / News / Apparel/Garments / Guatemalan President inaugurates Apparel Sourcing Show
Guatemalan President inaugurates Apparel Sourcing Show
May '13
Guatemalan President Otto Perez Molina, accompanied by Vice President Roxana Baldetti, inaugurated the 22nd edition of the Apparel Sourcing Show in Guatemala City.
The three-day event titled ‘Apparel Sourcing Show 2013: Sourcing Closer to Home’, is the window of the apparel industry and textiles of the Central American region and it seeks to promote competitiveness and integration of the industry. The fair is intended to attract new buyers to the Central American region, especially Guatemala.
Speaking at the inauguration, President Molina said 41,635 new jobs were created in the Guatemalan economy during the first quarter of the current year, showing a 32 percent rise over 28,311 new employment opportunities created during the same period of last year.
The President said it was encouraging that a record 132,302 new jobs were created in 2012, across Guatemala.
He announced that an ‘Investment Summit’ will be held on May 30 and 31, 2013, which would be attended by about 200 entrepreneurs keen on investing in Guatemala.
He informed that foreign direct investment (FDI) increased by 20 percent year-on-year to US$ 236 million in 2012. He added that FDI is expected to rise by another 15 percent in 2013.
Apparel Souring Show, begin held from May 21-23, 2013, is likely to be visited by at least 4,000 buyers, including Guatemalans and foreigners, according to the fair’s president Antonio Malouf.
In recent years, the apparel and textile industry in Guatemala has become more dynamic and competitive, and its exports have surpassed traditional items like coffee and sugar to become the leading foreign exchange earning sector for the Central American country.
Last year, Guatemala exported 297.3 million pieces of garments valued at US$ 1.189 million.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Ashok Desai
Bombay Textile Research Association

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

Marcel Alberts

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

Kerem Durdag
Biovation II LLC

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
July 2017

July 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search