Home / Knowledge / News / Textiles / TIA to boost Peruvian textile exports to Venezuela
TIA to boost Peruvian textile exports to Venezuela
16
Feb '12
The Trade Integration Agreement (TIA) signed between Peru and Venezuela is likely to boost Peruvian textile and garment exports to Venezuela.

Peru's Ministry of Foreign Trade and Tourism (Mincetur) is aiming to implement the Agreement by mid-March this year, Carlos Posada, Deputy Minister of Foreign Trade, said.

The Minister said the TIA envisages duty free export of several Peruvian items that are already traded with Venezuela.

The TIA also includes around 600-700 items that are currently not exported to Venezuela and this gives a good scope for Peruvian exporters to take benefit from the agreement and increase their exports to Venezuela, the Minister added.

In 2011, Peru's textile and garment exports registered 26.6 percent year-on-year growth to reach US$ 1.98 billion. While textile exports rose by 23.2 percent y-o-y to US$ 446 million, garment exports grew by 27.6 percent y-o-y to US$ 1.53 billion.

During the year, Peru's textile exports to Venezuela increased by 39 percent year-on-year to US$ 54 million.

Currently Venezuela accounts for 23 percent of Peru's total garment exports.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Egypt signs agreement with UNIDO for cotton production

Egypt has signed a €1.5 million ($1.74 million) cooperation agreement ...

Interviews View All

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Ashok Desai
Bombay Textile Research Association

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

Eric Scholler
Groz-Beckert

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

July 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

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X