Brazil's textile industry faces challenges in growing imports and production cost control

摘要

Brazil's booming economy has been stunning the world as a rising star among South American countries in the last decade. Meanwhile, World Cup tournament and Olympic Games, the two biggest international sporting events, will be held in Brazil next year and in 2016 respectively, which will draw global attention and is deemed a catalyst of its economic development. According to a statement released by the Association for the Brazilian Textile Industry (ABIT), in January this year, Brazil's garment sector production rose by 5.33 % year-on-year, while textile sector output declined by 2.83 % year-on-year.