Due to the arrival of The Republic China on Taiwan and in the United States markets, Swaziland textile and Apparel Industry have been losing about 40 percent of business each consecutive year.
China was permitted into US markets in January last year, but due to cheap inflow of Chinese textiles, local industries had to shut shop leading to immense loss of jobs, reported Swaziland Textile Exporters Association (STEA).
Further, the unpredictable and fluctuating exchange rates make things shoddier for the industry.
Even counties like Indonesia, Bangladesh and Pakistan supplying large quantity of cheap goods comparatively at lower rates than those produced locally, are giving stiff competition to small producers of Swaziland, conveyed an association member.
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