Nicaragua'S Textile Industry Suffers From Fabric Crisis
Nicaragua Dean Garcia, executive director of the garment industry association, said that due to the dramatic rise in international cotton prices in 2010, the operating costs of Nicaragua garment manufacturers will increase sharply. However, in the case of global market demand has not yet fully recovered and can not pass the extra cost to the terminal smoothly, Nicaragua garment manufacturers in Ming (2011) will face another wave of crisis since the 2008 recession.
Because
Chinese Mainland
The soaring demand for cotton has led to a new record of international cotton prices in November. Total cotton prices have risen 56% in the past 3 months, and 1 times higher than the same period last year. Nicaragua businessmen facing severe market tests need to actively discuss the answers.
Accordingly, the Executive Director suggested that the operators should take the way of reducing the cost as much as possible, and hope that the Nicaragua customs unit can provide convenient customs clearance measures to reduce the cost of customs clearance.
Although the US and international economic boom has been growing slowly, the export of garment manufacturers in Nicaragua has rebounded slightly, because the United States is based on the United States, Central America and Dominica.
free trade
The CAFTA (TPL) Trade Preferences Level, which is due to expire in 2014, is also one of the most important variables that affect the operation of the Nicaragua industry.
In short, facing the rapid change of market situation, the primary task of Nicaragua garment industry is to grasp the steady business strategy as early as possible and seek sustainable development.
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