Agoa gives Mauritian Textile a breather

Publié sur le web le 15 Octobre 2008 Port Louis The third-country fabric derogation granted by the USA to Mauritius is not only excellent news for enterprises and employees in the export sector but also for government and the country as a whole. It is also an opportunity to review the history of our EPZ especially in the current crisis. Our export-oriented enterprises - especially textile and clothing - will become increasingly vulnerable to fierce international competition. The textile and clothing industry has over the years been inextricably linked to our economic success and despite the difficult times of late, it still represents a major pillar of the Mauritian economy, contributing significantly to employment, export earnings and growth. The new development in the African Growth and Opportunity Act (AGOA) with the... [read full story]