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

SIMA makes pre-budget recommendations to Indian govt

Textiles | On 22nd Jan 2018

SIMA makes pre-budget recommendations to Indian govt

Exemption of 5 per cent goods and services tax (GST) on raw cotton,...

Building of Ethiopian textile unit by Chinese firm starts

Textiles | On 22nd Jan 2018

Building of Ethiopian textile unit by Chinese firm starts

Chinese firm Wuxi No. 1 Cotton Mill will build a textile plant in...

Indian minister urges apparel industry for dumping data

Textiles | On 22nd Jan 2018

Indian minister urges apparel industry for dumping data

Indian textiles minister Smriti Irani recently urged the apparel...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Priyanka
Studio Priyanka Rajiv

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

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Steve Cole
Xerium Technologies

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

Mohammad Hassan
Biax Fiberfilm

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace 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

January 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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