Interviews
Post quota textile trade prospers with FTA
13 Feb '06
1 min read
After the elimination of quotas, Moroccan textile sector has recorded massive growth, statistics reveal.
In the year 2004 a 30 percent drop was recorded in the sector, but Free Trade Agreement (FTA) with the United States helped the country to make up for the loss.
Jamal Eddine El-Jamali, Director, industrial production in the Ministry of Industry and Commerce, quoted that the surge in the investments was recorded only after the Agreement with the US.
Fruit of the Loom (FOL) and Italian textile group, Legler, plan to invest US $160 million and $87 million respectively.
Fruit of the Loom (FOL) is a leading manufacturer of yarn, knit the cloth, cut the fabric, sew the garments, and package their products.
Legler, a leading textile company, produces cotton base fabrics for casual and sportswear, with production capacity of around 50 million meters per year.
The Spanish group, Tavex, has also invested $73.5 million in Morocco.
Tavex is a multinational, specialistic textile weave group of denim that exports more than 80 percent of its production to clients in more than 50 countries.
These three groups, together, are expected to generate about 2500 job opportunities in the textile sector.
In the year 2004 a 30 percent drop was recorded in the sector, but Free Trade Agreement (FTA) with the United States helped the country to make up for the loss.
Jamal Eddine El-Jamali, Director, industrial production in the Ministry of Industry and Commerce, quoted that the surge in the investments was recorded only after the Agreement with the US.
Fruit of the Loom (FOL) and Italian textile group, Legler, plan to invest US $160 million and $87 million respectively.
Fruit of the Loom (FOL) is a leading manufacturer of yarn, knit the cloth, cut the fabric, sew the garments, and package their products.
Legler, a leading textile company, produces cotton base fabrics for casual and sportswear, with production capacity of around 50 million meters per year.
The Spanish group, Tavex, has also invested $73.5 million in Morocco.
Tavex is a multinational, specialistic textile weave group of denim that exports more than 80 percent of its production to clients in more than 50 countries.
These three groups, together, are expected to generate about 2500 job opportunities in the textile sector.
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