At the Fashion Business event held in Rio de Janeiro, the Director-Superintendent of the Brazilian Textile and Clothing Industry Association (ABIT), Fernando Pimentel, informed that the textile exports climb by 11.65 percent to $804.45 million in the first five months of 2005, compared with the same period in the year 2004.
However this is considerably down than what was attained in the same period of previous year, when exports increased 19.77 percent in compared to the same period in year 2003.
Pimentel informed that though exports are at booming stage, the produced goods are in state of dilemma. Number of industries which, include textiles and clothing, are already suffering from the affect of an exchange rate appreciation amounting to 28 percent in the last 12 months and 10 percent in the first 5 months of 2005.
The textile and clothing industry will be unassuming in this current fiscal year compared to last year. The exchange rate has a dramatic impact on the capacity to compete, but greater fiscal benefits could in a due course lessen this impact, he added.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
