Home / Knowledge / News / Textiles / ACTIF strives to ensure fabric is fully produced in Africa
ACTIF strives to ensure fabric is fully produced in Africa
18
Jul '13
The International Monetary Fund (IMF) maintains that, the African region is on track to grow by five percent before the end of 2013. This is, no doubt, a reflection of the competing involvement of Asian powers in the continent, which is raising concerns from the west in terms of trade, exports and imports, cooperation and sponsorship.

According to the World Bank statistics, over the last 10 years, Africa has experienced an increase in export of more than two hundred percent, and an increase in import of two hundred and fifty percent from 2001 to 2011. This has sparked the interest and attention of the west to rethink their position in terms of trade policies towards Africa. For instance, as detailed in Senator Coons’ Embracing Africa’s Economic Potential, March 2013, the Obama administration has recognized the need to accelerate and deepen economic engagement in Sub-Saharan Africa.

Some of the policies in the June 2012 policy document (US Strategy Toward Sub-Saharan Africa) in lure of this objective by the administration include: 1) working with African partners to promote an enabling environment; 2) improving economic governance and transparency while reducing corruption; promoting regional integration; 3) expanding African capacity to access global markets; 4) encouraging US companies to trade with and invest in Africa. In line with the above objective, it is inextricably fundamental for the US to review and authorize the extension of the African Growth and Opportunity Act (AGOA) beyond 2015, since AGOA has been the back bone for economic growth and development for several African countries.

However, while some countries in Africa remain unaware of the opportunities AGOA offers, many African countries still lack the much needed industrial base and competitive productive capacity to fully maximize the opportunities of AGOA. It is against this back drop that ACTIF continually lobbies for the extension of AGOA as it strives to empower local cotton, textile and apparel value chain in the African region in order to increasing its competitive capacity in the global market.

Currently, the demand for fabric in the Sub-Sahara African market far exceeds the present production and supply. Considering the economic cost in sending African cotton to Asia for processing into fabric before shipping it back to Africa to be cut and sewn into garments, ACTIF is playing a key role in cutting this cost by ensuring that the fabric is fully produced adequately in Africa.

This calls for urgency in exploring the opportunities for investing in weaving, spinning dyeing and finishing in the region.  In line with this achievement, African governments should be taking initiatives in creating investment-friendly regimes as currently being witnessed in the case of Ethiopia. Also there has been a remarkable increase in support by international organizations such as Business Advocacy Fund that approved its support to ACTIF in carrying out AGOA outreach programs.

Other international organizations, such as Innovations for Poverty Action (IPA) are also actively conducting studies on how to improve various industrial sectors including the Textile and Garment sector across Africa.

Rajeev Arora - ACTIF

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Mark Paterson
Technical Absorbents Ltd

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Ashok Desai
Bombay Textile Research Association

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Karan Arora
Karan Arora

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

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
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search