Home / Knowledge / News / Textiles / Bolivian textile exports to Venezuela drop 50%: CANEB
Bolivian textile exports to Venezuela drop 50%: CANEB
24
Oct '13
The exports of textiles produced by Bolivian entrepreneurs to Venezuela have decreased by 50 percent during the first eight months of the current year, due to election and change of government in Venezuela, according to the National Chamber of Exporters of Bolivia (CANEB), Los Tiempos reported.
 
The textile and apparel exports from Bolivia to Venezuela declined to US$ 15 million in January-August 2013, compared to exports of US$ 30 million made during the corresponding period of last year, CANEB president Guillemo Poumont said.
 
He said that at its peak, Bolivia exported textile and garments up to US$ 50 million to Venezuela.
 
He attributed the decrease in exports to Venezuela to administrative problems and policy issues related to the general election and the subsequent inauguration of Nicolas Maduro as Venezuelan President.
 
Between February and August this year, the trade links were temporarily closed due to general election and the change of government in Venezuela, he said.
 
Mr. Poumont expressed hope that the trade, especially textile trade, relations with Venezuela will normalize in the coming months, after the visit of Bolivian Deputy Minister for Internal Trade and Export Luis Fernando Baudoin to Venezuela this month.
 
Earlier in May this year, Bolivia and Venezuela signed an agreement to boost textile sector cooperation and to develop the textile sector of both countries.
 
As per the deal, new centers, with facilities to use innovative technologies, are to be set up to aid the textile sectors of both countries.
 
The agreement was subsequently approved by the National Assembly of Venezuela in August this year.
 

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 23rd Oct 2021

FDRA urges US govt to remove tariffs causing kids' shoe price spikes

The Footwear Distributors and Retailers of America (FDRA) has sent...

Pic: Sorbis / Shutterstock.com

Fashion | On 23rd Oct 2021

Calvin Klein & Louis Vuitton top 2 trustworthy brands for US customers

Calvin Klein, an iconic American brand that has existed since 1968,...

Pic: Breuninger

E-commerce | On 23rd Oct 2021

Fashion retailer Breuninger to launch e-commerce portal in Poland

After Austria (2017) and Switzerland (2019), fashion company...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Switch was not 100% pandemic related

Textile Industry, Head honchos

Textile Industry
Head honchos

Strongly believe in 'people first' policy.

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Shivendra Nigam,

Shivendra Nigam

Delhi-headquartered Cantabil Retail India Ltd was founded by Vijay Bansal...

Sanjay Jhunjhunwalla,

Sanjay Jhunjhunwalla

In the financial hub of eastern India, Kolkata, a humble production...

Klaus Bergmann,

Klaus Bergmann

German company Erbatech GmbH develops, designs and manufactures high end...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Karan Bose, Hula Global

Karan Bose
Hula Global

Hula Global, a leading isolation gown manufacturer in India, has been...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Manish Malhotra, Label Manish Malhotra

Manish Malhotra
Label Manish Malhotra

A multitalented designer and founder of an eponymous label, Manish...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Gaurang Shah, Label Gaurang Shah

Gaurang Shah
Label Gaurang Shah

Hyderabad based designer <b>Gaurang Shah</b>, has been traversing the...

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


October 2021

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


Advanced Search