Nicaragua Overcomes Loss of US Preferences for its Textiles

At the end of the first half of the year maquila textile exports to the United States grew by 13% compared to the same period in 2015.

Thursday, August 25, 2016

Figures from the biannual report by the US Office of Textiles and Clothing (OTEXA) show that between January and June Nicaragua sold 255 million square meter equivalents (SME) to the United States generating revenues of $708 million.

In the same period last year, the country exported a total volume of 225.7 million square meter equivalents, worth a total of $670 million.

Alvaro Baltodano, presidential delegate for investment in Nicaragua, told that "... the data is showing that the maquiladoras are able to cope with the loss of tariff preference level (TPL), which allowed clothing companies export to that country items made with raw materials from countries outside of DR-CAFTA. "

See OTEXA figures.

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