Home / Knowledge / News / Textiles / Textile sector advised to gear up for preferential trade rollback
Textile sector advised to gear up for preferential trade rollback
Jul '11
Swaziland needs to get ready to withstand competition and uphold its external sector, in case the preferential trade benefits that its textiles and sugar industries enjoy are withdrawn, according to Bongani Bhembe, Budget Director, Ministry of Finance.

He said that the country should analyse its comparative advantage areas and enhance its economic base. The ending of preferential treatment calls for major streamlining of some of the industries and upliftment of those with potential to improve, he added.

The official said that presently the country's economy lacks proper diversification and to a greater extent is ruled by woodpulp, sugar, sugar concentrates and the most latest being the garment industry.

Mr. Bhembe stated that European Union's preferential trade benefits for textiles and trade preferences for sugar, along with the recent preferential access for apparel exports to the United States have greatly driven the performance of these sectors for last few years.

In spite of all this, the second round of the global financial crunch, like most of the other small open economies, may hit the Swaziland economy and may undermine the profits that it has reaped till now, he said.

He even added that if steps are not taken to address country's reliance on preferential trade treatments, this would severely expose the economy to internal and external jolts and setbacks, and may lead to reversal of gains that the country has reaped so far.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kerem Durdag
Biovation II LLC

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Rupa Sood and Sharan Apparao

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

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

April 2017

April 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