Sunday, 06 July 2014 - 8:40
Apparel exports to hit $ 5 billion this year
Sri Lanka Apparel Exporters Association data revealed that Sri Lanka's apparel exports have been exceptional during the past few years despite the withdrawal of the GSP Plus trade concessions and the global economic turmoil.
Reports reveal that apparel export turnover has grown several-fold despite the global economic slowdown affecting Sri Lanka's key markets such as the US and Europe which import a large quantity of apparel.
Apparel exports in the first four months of this year increased 23 percent to 1,536.3 million US dollars, from 1,248.8 million US dollars, in the corresponding period of last year.