Home / Knowledge / News / Textiles / Peru-Venezuela textile & clothing trade set to soar
Peru-Venezuela textile & clothing trade set to soar
03
Aug '13
Textile and clothing trade between Peru and Venezuela is set to get a boost as ‘Acuerdo de Alcance Parcial de Naturaleza Comercial’, meaning partial scope trade agreement, has entered into force from August 1, 2013.
 
The agreement has come into force after the General Secretariat of the Latin American Integration Association (ALADI), based in Montevideo, announced ratification of the agreement last week, the Peruvian Foreign Ministry said.
 
The agreement was signed between the two Latin American nations on January 7, 2012, in the city of Puerto Ordaz, and its ratification by ALADI was a formal requirement for its entry into force.
 
The agreement grants tariff preferences for imports of products originating in Peru and Venezuela, which makes it significant, especially Peruvian small and medium enterprises (SMEs) engaged in textile and apparel manufacturing and export.
 
In 2012, 58 percent of all Peruvian exports to Venezuela consisted of textiles and clothing items.
 
Argentina, Bolivia, Brazil, Chile, Colombia, Cuba, Ecuador, Nicaragua, Mexico, Panama, Paraguay, Peru, Uruguay and Venezuela are the member countries of ALADI.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Reliance Industries

Textiles | On 24th Apr 2017

Reliance’s FY17 revenue from petrochemicals up 12.2%

Increase in prices across polymers and polyester chain has...

Textiles | On 24th Apr 2017

India, Kazakhstan to increase cooperation in textiles

Indian and Kazakhstan are deliberating upon increasing cooperation in ...

Textiles | On 24th Apr 2017

GST reflects 'One nation, One aspiration' spirit: Modi

Prime Minister Narendra Modi has said that the Goods and Services Tax ...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mohammad Hassan
Biax Fiberfilm

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Jay Ramrakhiani
Occasions Elegance Wear

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

Robert Brunner
Devereux

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

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
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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