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Govt initiates local cotton transformation to boost textile sector
16
Jun '08
A meeting was recently organized and presided by Mr Badel Ndanga Ndinga, Minister of Industries and Technology Development to start off the cotton textile sector in Cameroon.

The meeting was attended by a number of ministers concerned with the textile and industrial growth of the country.

Mr Badel while addressing the participants highlighted the fact that only 4 percent of the country's cotton output was transformed domestically and this really was a disturbing figure.

This means, that a large number of domestic raw cotton was processed outside and re-exported to Cameroon at a high price. This can gradually result in enlarging imports and widening trade deficit.

The minister stressed that the meeting was convened to ensure commencement of cotton transformation and processing in order to boost the domestic textile sector.

After the resolution taken at the meeting, the level of cotton transformation done locally is expected to soar by 40 percent by 2015.

In first four months of 2008 alone, Cameroon exported goods worth US $112.0 million to one of the largest consumer country – the US. This shows that there is ample scope for domestic textile manufacturers and exporters to explore various markets and give a boost to its local industries, generating substantial revenues for the economy.


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