The Chamber of Foreign Trade of Costa Rica is recruiting businessmen who wish to attend a business roundtable, to be held from May 13 to 17 in the city of Brusque, Santa Catalina in southern Brazil.
Depending on the profile of each company, there is the option of covering tickets and lodging for one attendee per company at the event, informed authorities of the Costa Rican Chamber of Foreign Trade (Crecex).
During the first two months of the year, exports of the Guatemalan textile sector registered a 4% year-on-year increase, which is explained by demand from U.S. companies.
According to the most recent figures from the Bank of Guatemala, between the first two months of 2018 and the same period in 2019, overall exports fell from $1.808 million to $1.751 million.
After a 7% increase in exports during 2018, Guatemala's apparel and textile sector expects to reach $2 billion in sales this year.
Factors such as the crisis in Nicaragua and an increase in customer demand in the United States partly explain the growth reported last year by textile companies in Guatemala.
The use of nanotechnology in production processes is one of the investments that companies in the textile industry will have to make to compete at a global level.
According to specialists in nanotechnology, an area focused on the design and manipulation of matter at the level of atoms or molecules for industrial purposes, in the production processes several advanced techniques exist that give industry the opportunity to innovate and access new markets.
Panama appealed against the first instance ruling, which concluded that Colombia's restrictive customs control measures do not violate WTO rules.
From the statement of the Ministry of Commerce and Industries of Panama:
November 20th, 2018. The Ministry of Commerce and Industries (MICI) on behalf of the Government of Panama filed an appeal against the first instance ruling that found that the restrictive customs control measures implemented by Colombia do not infringe the rules of the World Trade Organization (WTO). In this appeal, Panama claims errors in the interpretation of the rules on import restrictions and customs valuation that were argued in Colombia's request for review of its compliance with the judgments in Panama's favor.
Businessmen consider that 2018 will be a year with record sales for the country, as they projected exports of $1.724 million, a figure that would exceed 12% of what was reported in 2017.
Representatives of the Apparel and Textile Industry Association (Vestex) reported that they have recently reviewed the figures, and they estimate that this year the sector will have double-digit growth compared to 2017.
During the first six months of the year, imports of yarns and textile supplies in Central America totaled $264 million, registering a 3% decrease over the same period in 2017.
Figures from the information system on the Central American Market for Yarns and Textiles materials, compiled by the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
The WTO decided that Colombia has complied with a resolution that required it to remove tariffs and restrictions on imports of textiles, clothing and footwear from the Libre de Colón zone in Panama.
The conflict arose after a complaint by Panama after Colombia imposed a tariff on textiles and footwear from the Libre de Colón Zone. The dispute began more than five years ago.
In the first quarter of the year, companies in the country imported $5 million worth of yarns and textile supplies, 15% more than what was purchased in the same period in 2017.
Figures from the Information System on the Textile and Textile Supplies Market in Honduras, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with the graph"]
In the first quarter of the year, imports of yarns and textile supplies in Central America totaled $127 million, registering a 10% drop compared to the same period in 2017.
Figures from the Information System on the Textiles and Textile Supplies Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
The complicated situation happening in the country since mid-April has forced nearly 70% of SMEs in the textile and clothing industry to suspend their operations.
According to information from the Chamber of Industries of Nicaragua (Cadin), 30% of small and medium size textile and clothing companies that are producing are doing so at 25% of their capacity.The situation in the sector has led to the temporary suspension of eight out of ten workers.
The business associations of both countries started working on a joint plan to solve a problem that has been causing them damage for the last six years.
Representatives from the Chamber of Commerce, Industries and Agriculture of Panama (Cciap) and members of the Chamber of Commerce of Bogotá, initiated talks to develop a joint plan to end the conflict that has affected them since 2012.
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