Home / Knowledge / News / Textiles / Peru-Japan FTA likely to benefit textile & clothing sector
Peru-Japan FTA likely to benefit textile & clothing sector
17
Nov '10
According to the Lima Chamber of Commerce (CCL), Japan is the biggest importer of textile and clothing from Peru in the Asia-Pacific region. The Free Trade Agreement (NAFTA) settled with Japan is likely to benefit the textile and clothing sector in Peru in a big way.

Carlos Durand – the Chairman of the FTC, stated that China is the major supplier of textiles and clothing in Japan and is followed by countries like Vietnam and India. These markets are marked with higher competition, seasonality as well as well-planned and persistent market promotion.

He added that Japan values the quality as well as product presentation in case of textiles and prefers natural fibres and hand-made products. The Japanese people have a greater preference for lightweight, well-designed textiles with variations in designs and colors.

He also remarked that brand value is also significant as it gives recognition to the brand and is a way which enables the customers to differentiate between various brands. The textile and apparel business in Peru have immense business prospects in Japan, particularly the alpaca fibre, which has established itself as an index for assessing the value and quality of textiles in other nations.

He expressed his belief that the FTA negotiated with Japan will enhance the inflow of investments from Japan to Peru and boost its exports of value-added products. Japan is the fifth biggest country to which Peru exports its products.

Fibre2fashion News Desk-India

Must ReadView All

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Textiles | On 23rd May 2017

Grasim's VSF business net revenue up 12% in Q4 FY17

The viscose staple fibre (VSF) business of Grasim Industries has...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Tony Ward
Tony Ward

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search