HONDURAS STRENGTHENS POSITION AS US NEAR-SOURCING PARTNER, EVEN AS RECESSION CLOUDS LOOM

Honduras is strengthening its position as an outsourcing partner for the US clothing industry, with the central American country generating the second highest receipts from sales of textiles and finished garments under free trade agreements to the United States, just behind Mexico. During the first eight months of 2022, Honduras exported USD2.23 billion in finished textiles and apparel to the USA, of which USD1.57 billion’s worth was sold under special access provided by the CAFTA-DR (Central America-Dominican Republic Free Trade Agreement), according to ...


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