Home / Knowledge / News / Textiles / Bolivian textile exports to Venezuela drop 50%: CANEB
Bolivian textile exports to Venezuela drop 50%: CANEB
24
Oct '13
The exports of textiles produced by Bolivian entrepreneurs to Venezuela have decreased by 50 percent during the first eight months of the current year, due to election and change of government in Venezuela, according to the National Chamber of Exporters of Bolivia (CANEB), Los Tiempos reported.
 
The textile and apparel exports from Bolivia to Venezuela declined to US$ 15 million in January-August 2013, compared to exports of US$ 30 million made during the corresponding period of last year, CANEB president Guillemo Poumont said.
 
He said that at its peak, Bolivia exported textile and garments up to US$ 50 million to Venezuela.
 
He attributed the decrease in exports to Venezuela to administrative problems and policy issues related to the general election and the subsequent inauguration of Nicolas Maduro as Venezuelan President.
 
Between February and August this year, the trade links were temporarily closed due to general election and the change of government in Venezuela, he said.
 
Mr. Poumont expressed hope that the trade, especially textile trade, relations with Venezuela will normalize in the coming months, after the visit of Bolivian Deputy Minister for Internal Trade and Export Luis Fernando Baudoin to Venezuela this month.
 
Earlier in May this year, Bolivia and Venezuela signed an agreement to boost textile sector cooperation and to develop the textile sector of both countries.
 
As per the deal, new centers, with facilities to use innovative technologies, are to be set up to aid the textile sectors of both countries.
 
The agreement was subsequently approved by the National Assembly of Venezuela in August this year.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: BGMEA

Apparel/Garments | On 27th Feb 2017

'Brands & buyers should help Bangladeshi factory owners'

Brands and buyers should come forward to help factory owners in...

Apparel/Garments | On 27th Feb 2017

Myanmar sets up new committee to revise minimum wage

The Government of Myanmar has set up a new committee, replacing an...

Courtesy: PT Indonesia Taroko Textile

Textiles | On 27th Feb 2017

Taiwan's Lealea to buy Tarako textile plant in Indonesia

Taiwan based textile manufacturer Lealea Enterprise Company, one of...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Johan Berlin
InvestKonsult Sweden AB

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

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...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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
February 2017

February 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