Country's strengthening currency against the US dollar has plummeted textile exports of Lesotho.
Apart from currency appreciation, country's textile industry is facing several other problems like end of Multi Fiber Agreement (MFA) from January 2005.
US, European Union and Canada are now not obliged to import textile products from the country that has adversely affecting exports.
With the end of global quota regime country has been facing severe competition from countries like China and India.
Due to such problems eight factories closed and around 13000 people lost their jobs and exports dropped by 17 percent. Lesotho mainly exports T-shirts and jeans.
On the other side, situation has been alleviating, three knit wear firms and ancillary firms have been opened. In May this year around 44,000 people have been employed compared to 40,370 in July 2005.
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