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CAFTA boosts Carribean T-shirts sales to the US
20 Aug '05
2 min read
Trade restrictions on Chinese T-shirt (knit and T-shirts) shipments have raised the prospects of higher shipments from the Caribbean countries covered under CAFTA to the US.
The US T-shirt import rose sharply by 12 percent in the first half against figures reported same period, last year.
Turning to CAFTA countries, Mexico faced a setback in T-shirt shipments to the US by 13 percent in volume terms during the first half of 2005 compared to same period last year. Shipments are seeing a continual drop from this region.
Continuing on the same trend was Honduras, purportly, the second largest shipper to the US saw stunning reversal of over 7 percent over last years like period performance.
On the other hand, dropping prices by $3.97 helped El Salvador send more T-shirts to the US lowering the rate to $15.96 per dozen. Thus, El Salvador turned out to be the lowest priced procurement source of T-shirts.
Shipments from Haiti rose by 56 percent while Peru from South America saw export s rise by over 70 percent due to relaxation in Rules Of Origin.
Recent figures indicate several Central American countries exhausting their 2004-2005 quotas for a duty-free entry to the US market due to higher exports registered during the first, half this year.
Since the elimination of textile quotas beginning this year saw textile majors China, India, Pakistan, and to some extent Bangladesh capture major chunk of the US market, during the year, so far.
The US T-shirt import rose sharply by 12 percent in the first half against figures reported same period, last year.
Turning to CAFTA countries, Mexico faced a setback in T-shirt shipments to the US by 13 percent in volume terms during the first half of 2005 compared to same period last year. Shipments are seeing a continual drop from this region.
Continuing on the same trend was Honduras, purportly, the second largest shipper to the US saw stunning reversal of over 7 percent over last years like period performance.
On the other hand, dropping prices by $3.97 helped El Salvador send more T-shirts to the US lowering the rate to $15.96 per dozen. Thus, El Salvador turned out to be the lowest priced procurement source of T-shirts.
Shipments from Haiti rose by 56 percent while Peru from South America saw export s rise by over 70 percent due to relaxation in Rules Of Origin.
Recent figures indicate several Central American countries exhausting their 2004-2005 quotas for a duty-free entry to the US market due to higher exports registered during the first, half this year.
Since the elimination of textile quotas beginning this year saw textile majors China, India, Pakistan, and to some extent Bangladesh capture major chunk of the US market, during the year, so far.
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