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Home textile firms face bleak future
29
Sep '11
Textile firms in Uruguay that manufacture bedding, bath and table textiles are facing a bleak future.

These companies are facing hurdles in exporting their products to Brazil and Argentine markets due to restrictive measures imposed by these countries in recent months.

Uruguayan exports to Brazil have almost stopped owing to protectionist measures introduced by the Brazilian Government.

If the situation continues, around 2000 workers belonging to nine home textiles manufacturing companies are likely to be laid-off before the end of the current year.

Fibre2fashion News Desk - India


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