Textile industry losing 40% business yearly (Swaziland)
The Textile and Apparel Industry is losing about 40% of business each year since the entry of The Republic China on Taiwan and other countries in the United States (US) markets. Giant textile producers, China were allowed into US markets in January last year. According to the Swaziland Textile Exporters Association (STEA), the entry of cheaper goods from China had crippled local industries. The result has been massive job losses. It is not only China that we are worried about in the markets because this agreement encompasses other giant producers from the Far East such as Indonesia, Bangladesh and Pakistan to mention a few. This means stiff competition for us as small producers because their goods are of great quantity and are much cheaper than ours, which makes us less competitive.
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