Early last year, a little known American trade association filed a petition with the U.S. Trade Representative -- pitting the world’s largest economy against Rwanda over an unlikely U.S. export: cast-off clothes.
Discussions that dominated the Prime Source Forum (PSF) held in Hong Kong recently were economic environment in 2017, survival under global political frictions; and meeting the demands of ‘look now, buy now, wear now’.
The extension of a preferential US trade deal with African nations has come as a boon to Kenya’s apparel exports which are tipped to 5 per cent to $400 million, according to the Kenya Association of Manufacturers (KAM).
Ethiopia, which wants to become a hub for light manufacturing industries, plans to build four industrial parks, with several garment makers as tenants, in the next two years investing up to $500 million in each.
Ethiopia will start setting up a new industrial park in September and will expand another at a total cost of $250 million, an official said, part of efforts to shift away from farming and become a hub for textiles and...