Home / Knowledge / News / Apparel/Garments / Botswana's apparel exports nosedive in 2012
Botswana's apparel exports nosedive in 2012
22
Mar '13
Textile and apparel exports from landlocked country of Botswana, located in Southern Africa, fell sharply by about 66 percent from P1.8 billion in 2011 to P609.6 million last year, the figures released by the Bank of Botswana indicate.
 
In 2012, Botswana’s textile and garment exports witnessed high fluctuation from a high of P330.4 million in the first quarter to a low of P79.3 million in the second quarter.
 
The uncertainty prevailing around the extension of the third-country sourcing provision under the African Growth and Opportunities Act (AGOA) was the main reason for drying up of exports during the second quarter of 2012.
 
AGOA provides quota and duty free entry of apparels and other items from Botswana and 39 other African countries to the US market. The third country fabric provision was to end in September last year, which would have dealt a severe blow to apparel exports from countries like Botswana which do not have the entire textile value chain and are dependent on other nations for raw material.
 
Meanwhile, the Botswana Government is planning to consider a P500 million (about US$ 60.36 million) fresh bailout request for the country’s textile sector over a five-year period.
 
During 2009 to 2011, the Government bailed out the domestic textile and clothing sector through a P38 million package, which resulted in the creation of more than 5,500 jobs.
 
The Botswana textile and garment sector began losing its competitiveness after the policy changes within the Southern African Customs Union (SACU), which happened around the same time as the global financial crisis of 2008-09.
 

Fibre2fashion News Desk - India


Must ReadView All

Pic: UNFCCC / Alyssa Strohmann / Unsplash

Fashion | On 17th Jun 2021

Over 70% UN Fashion Charter signatories submit disclosures in 2020

For the 2020 reporting cycle, over 70 per cent of signatories to the...

Pic: Shutterstock

Apparel/Garments | On 17th Jun 2021

Prime Content| Bangladesh apparel exports jump 11.1% in July-May FY21

Readymade garment (RMG) exports from Bangladesh increased by 11.1 per ...

Pic: Shutterstock

Fashion | On 17th Jun 2021

Saudi 100 Brands programme to back global ambitions of domestic brands

Saudi Arabia's Fashion Commission has announced the launch of the...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

There was a certain switch, but it was not 100% pandemic related

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

Textile Industry, Head honchos

Textile Industry
Head honchos

Fabric selection & recommendation based on client's brief

Raiyan Islam,

Raiyan Islam

Founded in 1981 by Sayeeful Islam, Concorde Garments Group is a market...

C Maennich,

C Maennich

Trützschler, one of the world's leading textile machinery manufacturers,...

Nantas Montonati,

Nantas Montonati

The Riri Group is a one-stop supplier of metal accessories for the luxury...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Dr Anup Rakshit, ITTA

Dr Anup Rakshit
ITTA

The Indian Technical Textile Association (ITTA) is the only association of ...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

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

Leave your Comments


June 2021

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


Advanced Search