Madagascar Sees Instant Results In Textile Sales To Europe

　　 In 2009, Madagascar garments and textiles commodity Exports to the United States amounted to 212 million US dollars, down 24% compared with 2008.

However, last year's fall was only a prelude, and the export volume of MA in 2010 was really hit hard. As the United States government announced in late December 2009 that Madagascar should continue to enjoy the "African Growth and Opportunity Act" (AGOA) treatment, all goods exported to the United States must be re paid according to the provisions of the US market. At the end of February 2010, the number of textiles exported to the United States dropped by 49% compared with the same period last year.

The US abolition of Madagascar's "African Growth and Opportunity Act" (AGOA) treatment not only brought trouble to the exporters of garment exporters in Malaysia, but also led to the collapse of a large number of textile enterprises, the unemployment of workers and the withdrawal of investment from Asian investors who had previously been duty-free into the US market.

Fortunately, Madagascar is facing the European Union. Exit The prospects are promising. Although the export of clothing from 2009 Malaysia to Europe has dropped by 8%, the EU market still has great potential for development.

It is understood that in 2009, the export of Malaysian textiles and garments to Europe was mainly concentrated in France. Two other main factors market Germany and Britain accounted for 18% and 13% respectively. Followed by Spain (7%), Italy (6%), Belgium (4%) and Holland (2%). The main exports to Europe include cashmere sweaters (87 million euros), trousers (17 million euros), silk skirts (14 million euros), men's shirts (10 million euros), T-shirts (8 million euros), blouses (7 million euros), skirts (except silk skirts) (7 million euros), business attire (7 million euros) and baby garments (6 million euros).