EUROPEAN ECONOMIC TROUBLES HITS MAURITIUS TEXTILE SECTOR
October 1st, 2010
BY VILLEN ANGANAN
The constant risk of financial crisis and economic malaise in the European Union (EU) is real and may have worrisome consequences for the Mauritius textile sector.
This Indian Ocean island state's important textile and clothing sector has been dealing with the global recession in 2009, causing a contraction of 2.9% in output through a fall in demand from US and Europe markets.
Such a decline is significant in Mauritius, where the textile and apparel industry accounts for 42% of total merchandise exports, worth Mauritius Rupees MUR 25.7 ...
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