Costa Rica will ask El Salvador to expedite the textile discussion
Costa Rica will insist that El Salvador speed up the local process for textiles regarding the agreement of association between Central America and the European Union.
Friday, October 3, 2008
"El Salvador has reservations with moving ahead with the topic of textiles and if this is not done quickly, we are going to fall behind," Minister of Foreign Trade, Marco Vinicio Ruiz, warned at a press conference on Thursday where it pointed out that the region has 90% of the tariff offer completed.
The first proposal sent by the European Union didn’t satisfy the expectations of the textile industry of Central America.
The Honduran Maquila Association asked the European Union to be more flexible when negotiating the Association Agreement with Central America.
Accesorios Textiles S.A. invested 1.5 million dollars to provide labos to manufacturers of garments sold in the United States under the free trade agreement.
In the remainder of the year Nicaragua will only take advantage of 30% of the eight million pieces of textiles that the EU has assigned it, meaning that sales will be worth just $2 million.
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