Textile industry

mbain

New member
Jun 23, 2004
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I am curious to find out what will happen to the Free Zone textile industry once the United States eliminates the maximum import quota for Chinese textiles. Anybody have any thoughts on this matter ?
 

dms3611

Bronze
Jan 14, 2002
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yep....great article on this 4 weeks ago in the Wall Street Journal

Your local library should have it.
 

Hillbilly

Moderator
Jan 1, 2002
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There have been long articles on this

Some have been reported in DR1 News and other have circulated on the Internet.

One thing that both Central America and the DR are doing is to improve total service. That is: Once the buyer approves cloth, models etc. the manufacturer does everything else-cutting sewing and finishing so that the product is ready for sale in the US. You should visit some of the places like Grupo M or Interamericana.
Next: The DR (and others) are offering time savings. Goods from the DR or CA get to markets in Days, rather than weeks or months from China.
Then there is Haiti, with even lower wage scales, only slightly above China. While there are problems in Haiti with the work force unaccustomed to things like QC and punctuality and pressure galoore, they can be worked out over time. One very incredible possibility even exists in Haiti alone. Since Haiti is the only black nation in the Americas, it is just possible that it will come under some really incredible incentives for African nations, and these will allow factories to import cloth for any source, not just the US, and this will lower costs even more.

So, for a few more years, at least, the free trade zones in the DR and CA will be attracting business from the US market. People are planning on this and several scenarios are in place.

HB
 
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