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Uruguay to provide support measures for textile sector
16
Jun '10
The Uruguay Minister of Industry, Roberto Kreimerman informed that, the government will seek to provide the textile chain, a subsidy with the aim to improve competitiveness, enhance product quality and provide the chain a traceability system.

The Textile Sector Director, Gabriel Frugoni, said the Uruguayan textile chain is geared primarily for export, due to the significant comparative advantages the country has in production of wool since the quality of their wool is regarded worldwide as good or very good.

Frugoni said that, in recent years, the chain has had difficulties in its operations, simultaneously with a "clear increase in their relative costs, which had led to an increase in exports of greasy wool at the expense of exports of higher value added products.”

"The loss of competitiveness in processed products is reflected in a drop in jobs generated by this industry", he added by saying. The Director said that a bill providing for a package of support measures for the sector would be submitted to Parliament in a month.

Fibre2fashion News Desk - India

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