Home / Knowledge / News / Apparel/Garments / RMG exports from Honduarn Maquilas face tough competition in US
RMG exports from Honduarn Maquilas face tough competition in US
27
Sep '10
According to a report published by the World Trade Organization (WTO), clothing materials and garments produced in the Honduran maquila (export processing regions) are facing tough competition in their most important market – the US.

The US imports 75 percent of the country's maquila exports. Most of the ventures in the region gain a lot of privilege from special trade agreements like the Dominican Republic-Central America Free Trade Agreement (DR-CAFTA).

The Maquilas produce the major items of Central American region's exports, which amounted to $2.8 billion in 2009 and constituted about 54% of the region's total exports.

Most of these factories in the maquila are garment and textile manufacturing units. They together produced about HNL62.7 billion ($3.32 billion) or 79.5 percent of the previous years' total produce.

According to the WTO report, about 90 percent of the country's total shipment of commodities for processing is constituted by garments, clothes, knitted or crocheted fabrics, yarn and thread.

The WTO trade experts believe that the tough competition faced by the country's enterprises in US, is partially because of the gradual termination of the preventive international import quota regime (MFA) in 2005. This stiff competition indicates that there is a fall in the employment generated and gross value added by the maquilan industry.

The number of workers recorded a fall to 121,700 in 2008 from 134,007 in 2007. It further fell to 104,048 in 2009. Likewise, the gross value added as a percentage of GDP fell to 5.9 percent in 2009 from 7.3 percent in 2007.

Fibre2fashion News Desk-India

Must ReadView All

Apparel/Garments | On 24th Feb 2017

Q4FY17 EPS dips 11% at apparel retailer Macy’s

For the thirteen weeks period ended January 28, 2017, earning per...

Textiles | On 24th Feb 2017

Net income slips at Westlake Chemicals in Q4

For the three months ended December 31, 2016, net income at US...

Apparel/Garments | On 23rd Feb 2017

NAFTA renegotiation puts Mexico-US jeans trade at risk

The almost imminent renegotiation of the North America Free Trade...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Ashok Desai
Bombay Textile Research Association

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

Marten Alkhagen
Swerea IVF AB

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Rupa Sood and Sharan Apparao
Nayaab

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

Sonam & Paras Modi
SVA

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search