Home / Knowledge / News / Textiles / Textile sector raises concerns over FTA with Korea
Textile sector raises concerns over FTA with Korea
Sep '10
South Korea and Colombia are in midst of negotiations of a bilateral agreement, between the two countries, which has raised concerns in the Colombian textile sector with regards to rules of origin and procedures to be adopted for tax relief.

According to Carlos Botero, Executive Director of Inexmoda, the apex textile, apparel and fashion institute, “The Korean textile and apparel sector is more developed than the one in Colombia and in that sense, the agreement could go against interests of local industry.”

He added by saying that, the textile, clothing and fashion sector in Colombia is looking forward to negotiations that reflect a dynamic economic development and that benefit and ensure fair competition for the sector of the country.

Speaking on the outstanding issue of restoration of relations between Venezuela and Colombia, he said, that Venezuela owes around US $300 million to the textile sector in the country and they would like a reassurance that the debt will be repaid and also that both countries should normalize relations at the earliest.

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

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Janak Dhamanwala & Sunil Dhamanwala

Moving towards sustainability is also a social change

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Johan Berlin
InvestKonsult Sweden AB

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search