Sharp Reduction In Orders From EU, Sharp Reduction In Sri Lanka Garment Industry

Sri Lanka is located in the southern part of Asia. It is an island country on the southern tip of the South Asian subcontinent on the India ocean. It is known as "pearl on the India ocean", "country of precious stones" and "lion country".

The northwest separated from the India peninsula.

Ancient China used to call it lion country, teacher country and sinhalo.

Sri Lanka is a single Republic, located in Sri Jaya wadup, Luckett.

2011 the export volume of the fiscal year amounted to US $8 billion 700 million, of which the ready-made garments exports were estimated at US $3 billion 500 million, or 41%, which still rank the largest export earning industry in the country.

Sri Lanka

In the early days, because of the quota advantage of exporting to the United States, plus the monthly wages of workers around $100, relatively low quality and high quality, the garment industry was very popular at that time. In 2005, the number of garment manufacturers in Sri Lanka, including foreign capital, was as high as more than 2000.

Moreover, after the 2008 Asian tsunami,

The GSP offer for Sri Lanka exports is also provided. According to Sri Lanka's Export Promotion Bureau, the export volume of Sri Lanka garments has exceeded $3 billion for 5 consecutive years since 2005.

Recently, in addition to the abolition of the quota rules for garments in the United States, the local Tamil rebels organized a cease-fire agreement in 2005 and rekindled the war of independence until the beginning of 2009, when the civil war came to an end, and the rebels were unable to fight against the government forces. However, at that time, the government of the Soviet Union still took tough measures and insisted on eliminating that time. It had expressed its willingness to surrender to the leader of the rebel army. The United States and European Union's human rights groups strongly dissatisfied with the government's actions. The European Union abolished the preferential treatment of GSP+ in the early 2010.

Foreign orders, especially from the European Union, have been greatly reduced. Many buyers are still enjoying GSP+ concessions such as Bangladesh, which has led to a sharp reduction in the clothing industry in Sri Lanka.

At present, the number of garment factories in the country has been reduced to about 250 from 2000 in the prime time, and many foreign capital have been withdrawn or pferred to local businesses, but the garment industry is still the largest export industry in the country, with a population of about 1 million.

According to the local clothing industry, there are no cloth and garment accessories accessories factories in Sri Lanka, and all the fabrics, accessories, printing dyestuffs and related garment machinery, such as computerized embroidery, rely entirely on imports. For the textile industry, the local market still has ten business opportunities. In addition, the EU Department abolished the GSP+ discount of the country, not the GSP discount, and the EU still enjoys 3% duty-free preferential treatment for the EU.