EU SLUMP DRAGS ON AFRICAN ARAB SPRING STATES
September 1st, 2012
BY PACIFICA GODDARD
10 SEPTEMBER 2012
MOROCCO, Tunisia, and Egypt - respectively the sixth, seventh and sixteenth largest exporters of knitwear to the European Union's 27 member states, as measured by sales value - have traditionally been competitive knitwear producers and exporters. Their strengths are proximity to Europe, relatively low labour costs, and short lead times.
However, the Arab Spring paired with the European economic crisis have challenged their textile and apparel industries in general, and knitwear within that.
These industries' main target has ...
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