The New Year'S Global Economic Situation Is Conducive To The Comprehensive Development Of Honduras'S Textile And Garment Industry.

This year's global boom is conducive to the overall development of the textile industry in Honduras for the following reasons:

(1) the US economy is recovering steadily, and it is expected that the demand for textile clothing will continue to grow.

(two) the Honduras government has decided to gradually increase the minimum wage of the textile and garment industry (in 2015, the market rate is 6.5%, the monthly minimum salary is 5730.45 Hong Kong dollars, 2016's amplitude is 6.75%, 2017's amplitude is 7.25%, 2018's amplitude is 8%), so that the investment company has clearly understood its human cost and is conducive to the production capacity planning.

(three) the low cost of international oil prices reduces the cost of electricity consumption.

(four) the Honduras free trade agreement with Canada came into force in October 1st (103). Due to preferential tariff, it is estimated that the textile and garment products exported to Canada will reach US $100 million this year.

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Guillermo Matamotoros, executive director of the association, said that the prospect of the Honduras textile and garment industry is optimistic this year, but the impact of industrial development is that the growth of the EU economy and the slow growth of China's growth will probably affect the economic growth of the United States, resulting in a slowdown in demand for garments.

On the other hand, according to Jesus Canahuati, a textile and garment industry in Cortes Province, north of Honduras, it will have $300 million this year in the Choloma city of San Pedro Sula in northern Honduras.

The construction plan of the new investment project, which is estimated to be operational in 2016, will be estimated to reach US $1 billion this year if we increase the expansion plan of other existing textile and garment industries in the north.

According to the statistics of Central Bank of Honduras, the export volume of processed exports amounted to US $3 billion 8 million 800 thousand in the third quarter of 2014, up 2% from the same period in 2013.

And half a pat $2 billion 59 million. The United States ranks first in the main importer of raw materials in the Honduras textile and garment industry. The textile and garment products of the Dominica can be applied to the preferential tariff of textiles in the United States and 5 countries in Central America and the free trade agreement in the Americas.