Home / Knowledge / News / Apparel/Garments / Tunisia seeks JVs with Sri Lankan garment manufacturers
Tunisia seeks JVs with Sri Lankan garment manufacturers
16
Jul '13
Mr Azouz(R) with Minister/news.lk
Mr Azouz(R) with Minister/news.lk
Tunisia, the smallest country in North Africa, has invited Sri Lankan apparel manufacturers for forming joint ventures with their Tunisian counterparts.
 
Due to the existing free trade agreement (FTA) with the EU, and its close proximity to Europe, Tunisia has become a high-end, high-speed apparel supplier to the European countries, Tunisian Ambassador to Sri Lanka, Tarek Azouz told Sri Lankan Minister of Industry & Commerce Rishad Bathiudeen at a meeting in Colombo.
 
The high-end garments that Tunisia exports to European markets are manufactured on the basis of Just in Time (JiT) practices and the apparels are available for sale in European retail counters within three days of their production, Mr. Azouz told the Minister, news.lk reported.
 
Tunisia is an unexplored market for Sri Lankan exporters, who can include Tunisia as part of their export market diversification plan, Mr. Azouz said.
 
He informed that the first phase of liberalization and privatization process is currently being implemented by the Tunisian Government.
 
The Ambassador said the Sri Lankan garment producers can come into joint ventures with Tunisian apparel producers and benefit from Tunisia’s close proximity to EU and its JiT apparel practices to increase their access to EU markets in short turnaround periods.
 
Tunisia was the first Mediterranean country to sign an Association Agreement with the EU in 1995. Subsequently, an FTA between EU and Tunisia for industrial products, including apparels, materialized in 2008.
 
In 2012, the overall bilateral trade between Tunisia and Sri Lanka stood negligibly low at US$ 0.64 million. 
 
At the forthcoming Commonwealth Heads of Government Meeting (CHOGM) sessions in Colombo, Tunisian delegations are expected to discuss and sign memorandum of understandings (MoUs) with various business and commerce chambers in Colombo.
 

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Sachin Sharma
Gem Enviro Management Pvt Ltd

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

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

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...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Wendell Rodricks
Wendell Rodricks

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

Sonam & Paras Modi
SVA

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

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


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