MEXICO’S TEXTILE AND CLOTHING SECTOR HOPES NEW PRESIDENT WILL PROTECT IT FROM UNFAIR CHINESE COMPETITION
September 23rd, 2024
The Mexican textile and clothing industry is hoping the incoming administration of President-elect Claudia Sheinbaum, who takes office on October 1, will help locally-owned manufacturers combat what they regard as unfair competition from Chinese apparel companies.
The ongoing trade war between the US and China, and the increasing attractiveness of nearshoring to American clothing retailers, has encouraged Chinese apparel manufacturers and traders, including e-commerce platforms, to base themselves in Mexico. Here, they are protected against swingeing US import ...
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