Textile exports remain depressed

摘要

Uncertainty over GSP+ concessions continues to put pressure on prices while shrinking retail markets in the United States and Europe has dragged exports down. During last January-February, for example, textile and garments exports declined to US$422 million from the year-ago level of $516 million.rnThe secretary general of the Joint Apparel Association Forum, Rohan Masakorala, says, he hopes the figure for March will show some improvement, or, he adds, "we will have a crisis on our hands." Pressure on price, he points out, is slashing margins too thin.