Home / Knowledge / News / Textiles / Exporters to face serious challenges in 2009 - JAAF

Exporters to face serious challenges in 2009 - JAAF

08
Nov '08
The Sri Lanka Apparel Institute organized the 'Apparel South Asia Conference (ASA) – 2008' at the Bandaranaike Memorial International Conference Hall (BMICH), Colombo, on 5 and 6 November 2008. This event was designed for manufacturers and exporters of apparel in South Asia, with special reference to Bangladesh, India, Pakistan and Sri Lanka.

Speaking at the event, Mr Ajit Dias, Chairman of Joint Apparel Association Forum (JAAF), stated, “I think we're heading for somewhat of a crisis next year and the industry is gearing itself for it. We're definitely going to face serious issues next year. It will probably be one of the worst years we have had in a long time."

Mr Dias said the US $3.2 billion apparel export industry is the largest contributor to Sri Lanka's economy, accounting for 10 percent of gross domestic products and employing 270,000 people. However, exports to the US, the biggest market till recently, fell 11 percent in the first six months of this year. On the other hand, shipments to the EU rose almost 12.6 percent.

The Chairman stressed, “For the first time we're exporting more to the EU than the US. This is significant because we're losing our market share."

The GSP+ deal comes up for renewal by the end of this year. Under the scheme, the government will give about 100 million dollars to exporters. Mr Dias assured, “According to the GSP + regulations, even if it is not renewed, it will not severely affect exports for the first six months of 2009. The scheme will continue until May 2009, and very probably for six months after that.”

However, he stated, that due to rising costs and falling orders, the loss of the duty free access to Europe would mean reduction in the number of exporters. "There is top line pressure on retailers in overseas markets. Several of our buyers are downsizing and now, after the financial crisis, the situation has got worse. We're definitely going to face serious issues next year."


Must ReadView All

Pic: Shutterstock

Textiles | On 19th Oct 2021

11 European nations seek ambitious measures to tackle waste in textile

Eleven European countries—Austria, Belgium, Denmark, Finland, France, ...

Pic: Shutterstock

Textiles | On 19th Oct 2021

Industrial units in Vietnam’s HCM City hit by labour shortage

Several Vietnamese industries, especially labour-intensive ones like...

Pic: German Embassy Phnom Penh

Textiles | On 19th Oct 2021

Consortium comprising GIZ, others to address textile waste in Cambodia

An international consortium initiated by Deutsche Gesellschaft für...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Multi-functional garments will be next big thing

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Cannot see the world breaking away from cotton & polyester

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

Ritu Oberoi,

Ritu Oberoi

Established in 2018, Forsarees is a socially driven business enterprise,...

Shivaani Jain,

Shivaani Jain

Established in 2015, Once Upon A Trunk is a one-stop-shop with almost...

Shyam Gupta,

Shyam Gupta

Established by <b>Shyam Gupta</b> in 1978, Gargee Designer's (GD) offers...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

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

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah &amp; Sandeep is a luxury menswear label...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

Samant Chauhan, Label Samant Chauhan

Samant Chauhan
Label Samant Chauhan

Delhi based fashion designer, <b>Samant Chauhan</b> who mostly works on...

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