Home / Knowledge / News / Textiles / Brazil imports $5bn of textiles in Jan-Sept 2013: ABIT
Brazil imports $5bn of textiles in Jan-Sept 2013: ABIT
21
Oct '13
Brazil has imported more than US$ 5 billion worth of textiles between the period of January and September, 2013, as per the estimates of Brazilian Association of Textile and Apparel (ABIT).
 
According to a statement issued by ABIT, the sector also incurred a loss of 598,000 jobs during the first nine months of the year.
 
As per the ‘Importômetro’, an ABIT indicator marking the value of imports of textiles entering Brazil, the country’s clothing imports grew by 4.5 percent year-on-year in value, from January to August 2013, whereas the exports fell 1.4 percent year-on-year during the period.
 
However, during the first seven months of 2013, the volume of retail sales increased 3.4 percent compared to the same period in 2012, while the textile and clothing production dipped by 3.1 and 2.2 percent year-on-year respectively, during the period.
 
In June 2013, the ABIT proposed the Competitive Tax Regime for Garment (RTCC) to fight unfair imports as well as to increase competitiveness of the garment sector of the country.
 
According to the proposal, the RTCC would aim to redeem and empower the entire textile chain of the country, as well as reduce the federal taxes up to 5 percent of revenue for garments.
 
Aguinaldo Diniz Filho, president of ABIT, said the scenario of competition has long ceased to exist in Brazilian textile and apparel companies and the country is far from the race in international market, and is considered to be one of the worst markets in terms of production.
 
Brazil is in urgent need to change this situation and has to increase competitiveness of its textile and apparel firms, in order to face the international market, he added.
 

Fibre2fashion News Desk - India

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

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

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...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Jay Ramrakhiani
Occasions Elegance Wear

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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