PERU EYES BRAZIL AS FERTILE TEXTILE MARKET, WHILE BRAZIL’S TEXTILE INDUSTRY STRUGGLES TO COMPETE
July 1st, 2013
The Brazilian textile manufacturing industry may come under threat as neighbouring Peru eyes up opportunities for expansion in Latin America’s biggest textile market. Peru currently exports USD102 million in textiles and apparel to Brazil annually (in 2012), and these exports have been increasing annually by 15% on average since 2010 according to the Brazilian Textile and Apparel Industry Association (ABIT). With a high tax burden being imposed on Brazil’s textile manufacturers, importing has become a way to cut costs for retailers said ABIT CEO Fernando ...
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