Home / Knowledge / News / Textiles / Govt will safeguard domestic interests from Asian textiles - Minister
Govt will safeguard domestic interests from Asian textiles - Minister
17
Sep '11
Argentina will reinforce a policy to safeguard its domestic interests from the flooding of its markets with Asian textiles, Industry Minister Debora Giorgi has said.

Speaking at the ProTextil 2011 show, Ms. Giorgi said the revival of Argentina's competitive textile industry has been possible because of the strong Government support it enjoyed since 2003.

The Minister said the policy of the Government from 2003 onwards has been to safeguard the domestic market, control competitive imports, and raise the purchasing power of labour.

This policy has enabled Argentina to maintain manufacturing profitability, which in turn brings investments from textile entrepreneurs and thus consolidating the entire production chain, she added.

As a result, the production of Argentine textile sector has grown by 143 percent since 2003, its exports have risen by 61 percent and around 500,000 new jobs have been created that are spread over the production chain across the country, she stated.

Loans totaling 134 million pesos (USD 34 million) were given to the textile industry at a fixed interest rate of 9.9 percent, she said, and added that a grace period of one year was given on the five-year loans.

She revealed that investments in the country's textile sector amount to 1.5 billion dollars, which include setting up of new plants by top corporations like Brazil's Santana, Correa, Vicunha and Santista.

She reminded that during the nineties, Argentine textile industry collapsed resulting in the loss of 180,000 jobs due to closure of 2,500 units.

Currently, there are 116 textile and apparel products that are subject to non-automatic licensing. Also, 9 anti-dumping investigations are being carried out by the Government, she said.

However, Argentina has competitive import substitution deals in place with several international brands including Nike, Puma, Lacoste, Wrangler, Zara, Levi's and Adidas, she added.

Fibre2fashion News Desk - India


Must ReadView All

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Apparel/Garments | On 15th Dec 2017

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Strategic location, modern factory facilities and proximity to the...

Courtesy: 2XU

Apparel/Garments | On 15th Dec 2017

L Catterton Asia announces JV of GXG and 2XU

L Catterton Asia, the Asian unit of the largest and most global...

15 trade associations urge nations to safeguard WTO system

Apparel/Garments | On 15th Dec 2017

15 trade associations urge nations to safeguard WTO system

Fifteen trade and industry associations from across the world have...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Harsh Shah

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

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Kevin Nelson
TissueGen

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

Mark Paterson
Technical Absorbents Ltd

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

December 2017

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
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

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
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

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
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

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
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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