Kenya Promotes Growth Of Textile Industry To Achieve Self Sustainment

< p > Kenya is committed to promoting the African Growth and Opportunity Act (AGOA) at least 10 years before the expiry of September 2015. There is a lack of a target= "_blank" href= "//www.sjfzxm.com/" > textile > /a > industrial growth to achieve self-sustaining.

< /p >

< p > if this position can be adopted, the countries of Africa and the Caribbean will benefit from the export of AGOA.

The AGOA Act allows goods from these countries to be tax-free into the US market.

< /p >

< p > predictable long cycle allows better investment to flow to beneficiary countries.

This prediction is based on the application by the beneficiary countries to the US government to consider the permanent sub Saharan Africa US trade agreement, the executive manager of African cotton textile industry limited, said Arola.

< /p >

< p > Arola said that the high-level efforts of Kenya and sub Saharan African countries have lobbied the US government to consider extending the AGOA to 2015, and at least 10 years of action is in progress.

< /p >

The appeal of "P > AGOA extension was put forward under the background of" a target= "_blank" href= "//www.sjfzxm.com/" clothing "/a" and the textile industry capital investment for two consecutive years.

According to the 2013 economic survey, the investment in 2011 was 6 billion 900 million shillings, which dropped to 6 billion 200 million shillings in 2012. This decline was caused by the uncertainty of the AGOA bill and the extension of the fabric requirements of third countries in September 2012.

In 2010, the Kenya textile and clothing sector invested 6 billion 960 million shillings.

< /p >

Betty, vice president of the African Cotton Textile Industry Federation (ACTIF), said that under the relatively long period of AGOA bill, textile and garment manufacturers will invest more in order to ensure that these countries can increase the value chain from cotton production to modern manufacturing technology.

< /p >

< p > these countries that export textiles to the United States are expected to develop the ability to search for raw materials within their countries. This is a path of encouragement and continuous development that will benefit farmers.

Most of the raw materials, including cotton and lint used in export processing zones, are currently purchased from large producers in the Far East, such as China.

This deadline will extend to September 2015.

< /p >