There are positive expectations for the maquila and textile sectors in Central America regarding the return of companies who had migrated to China because of the lower labor costs.
With the disappearance of this advantage, Central America is once again among the best options for multinationals, having as an advantage its proximity to the U.S., which reduces transportation costs and delivery times.
An article in Siglo21.com.gt reports that "The domestic textile industry will be the fabric supplier for the Adidas brand after the company announced the installation of a factory in El Salvador. According to the president of the Commission for Clothing and Textiles (Vestex) of the Guatemalan Association of Exporters (Agexport), Carlos Arias, the return of several companies to Central America is creating positive expectations for the sector, as it will mean an increase in the distribution of fabrics in neighboring countries. Arias said that the Adidas investment is important for the region, as Guatemala produces textiles which are used in sportswear made in El Salvador."
Source: sigloxxi.com
More on this topic
July 2009
A group of Democratic senators proposed a law to eliminate tariffs on textile products from 14 Asian countries.
Textile imports from those countries currently pay up to 28% when entering the United States.
Should the proposal be approved, a very likely scenario, the Central American countries would lose the trade advantage obtained with the U.S.
October 2010
Since March, Colombia and Venezuela have become new markets for Guatemalan textiles.
Exports since March to these countries have totaled $ 23.1 million.
Ligia Barrios, marketing coordinator of Costume and Textiles Committee (Vestex) of the Guatemalan Exporters Association, explained to Prensalibre.com, "...
September 2009
The factory closed its doors on August 31, due to lack of orders from the United States.
110 workers lost their jobs with the closure of the plant, located on the 36th kilometers of the Interamerican Highway, in Sacatepéquez.
Vestex, the Guatemalan Textile and Apparel Commission, has reported the closure of 23 maquilas so far in 2009.
November 2010
In September, clothing and textile sales to the U.S. grew 18% over the same period in 2009.
According to the Central Bank of Guatemala, total exports amounted to $1.07 billion in clothing and fabrics, or $168.2 million more than last year.
"According to Garment and Textile Committee, Guatemala has specialized in sales of knit shirts and synthetic clothing for ladies and gentlemen as well as canvas pants," writes Prensalibre.com.
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