|
Dominican Republic Textiles and Clothing Report Q4 2009Published by: Business Monitor International Published: Oct. 14, 2009 - 41 Pages Table of Contents
AbstractThe Dominican Republic is a small textile and clothing (T&C) producer, with a comparative advantagebased on its proximity to the major US market, low labour costs and the fiscal incentives of its free tradezones (FTZs). BMI ranks it as number 69 in the world in terms of T&C manufacturing value added. Innominal terms we estimate that to have been worth US$545mn in 2008. The industry has faced somedownsizing in recent years, a process that we believe is intensifying during the global recession of2009/10, as local manufacturers find themselves squeezed by falling US retail demand and relentlesscompetition from lower-cost Chinese and Asian clothing exports.Overall Dominican Republic T&C value added will fall by 8.3% in 2009 and by 1.6% in 2010, reflectingvery difficult international economic conditions. We see a fairly strong recovery setting in from 2011,with growth of 7.1%. The industry’s trade performance will also reflect the especially difficultinternational economic situation. Get Full Details About This Report >> |
|
|||
|
About MarketResearch.com
|
||||