Home / Knowledge / News / Textiles / AITE suggests measures to boost Ecuadoran textile industry
AITE suggests measures to boost Ecuadoran textile industry
25
Apr '13
Asociacion de Industriales Textiles del Ecuador (AITE or Ecuador Textile Industry Association) has pointed out concerns of the country’s textile industry and has suggested measures to boost the sector, in its latest monthly bulletin.
 
Giving an overview of the Ecuador textile industry, the article says there are five major concerns of the Ecuadoran textile sector. The first is the stagnation of the country’s textile industry, due to low investment made by companies.
 
The second concern is the lack of stable policy, which deters long-term investment by the companies. In the absence of stable taxation and labour wages, companies pull back from making new investments.
 
Job creation is another problem being faced by Ecuadoran textile industry. The number of people employed in the country’s textile sector has grown by less than one percent to 123,044 in 2012, from 121,850 direct workers in 2011. 
 
Growing imports is another problem according to AITE. From textile imports of about US$ 400 million in 2009, they have grown to US$ 500 million in 2010, and US$ 785 million in 2011. In 2012, however, Ecuadoran textile imports dipped a little to US$ 741 million. Of this, fabric imports were worth US$ 223 million, apparel US$ 224 million, yarn US$ 54 million and home textiles US$ 75 million.
 
Tax evasion while importing textiles, especially from the neighbouring Panama, was cited as the fifth problem troubling Ecuadoran textile sector. AITE expects around 21 percent of all textiles imported into the country to fall under this category.
 
To overcome these problems, AITE suggests three solutions. First is greater participation by Ecuadoran companies in public procurement tenders. The procurement of textiles and apparels by the Ecuadoran Government has increased from US$ 69 million in 2009 to US$ 104 million. 
 
Secondly, AITE suggests greater promotion of exports through ProEcuador or the Institute for the Promotion of Exports and Investments. For the purpose, it urges the Government to increase the agency’s budget.
 
Lastly, it advises the Government to sign trade agreements with other countries to facilitate entry of Ecuadoran products into various markets, especially the US and the EU.
 

Fibre2fashion News Desk - India


Must ReadView All

SIMA makes pre-budget recommendations to Indian govt

Textiles | On 22nd Jan 2018

SIMA makes pre-budget recommendations to Indian govt

Exemption of 5 per cent goods and services tax (GST) on raw cotton,...

Building of Ethiopian textile unit by Chinese firm starts

Textiles | On 22nd Jan 2018

Building of Ethiopian textile unit by Chinese firm starts

Chinese firm Wuxi No. 1 Cotton Mill will build a textile plant in...

Indian minister urges apparel industry for dumping data

Textiles | On 22nd Jan 2018

Indian minister urges apparel industry for dumping data

Indian textiles minister Smriti Irani recently urged the apparel...

Interviews View All

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Urmil Arya

Sushila International, a well established textile organisation established ...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Mark Paterson
Technical Absorbents Ltd

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kerem Durdag
Biovation II LLC

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

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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

January 2018

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
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

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
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

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
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

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
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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