The decision of transporters to go on an indefinite nationwide strike from 20th December, 2008 for not meeting their demands for lowering of diesel prices and abolition of service and toll tax have created a lot of trouble for our exporters who are already facing problems due to cancellation of orders and reduction of prices for the garments exported.
The major concern is that if the garments are not shipped in right time there will be a cancellation of orders, also future orders and this issue has come at a time when the exporters are already struggling to cope with the ongoing recession in US and EU coupled with reduction of orders from these markets, increased prices of inputs including transaction cost.
Moreover, if the garments are not exported in right time, our country will be loosing its credibility among buyers and the buyers may resort to our competing countries which are ready to supply at right time. We emphasise a point that supplying product at right time is one of the major competitiveness of an exporting country.
Considering the sustainability of trade in the global market, TEA requests the government to immediately intervene and kindly settle the issue amicably and save the export industry.
Tirupur Exporters' Association
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