Nicaraguan textile industry worries about the approaching expiration of U.S. Trade Preferences

2010-10-07

Dean Garcia, Executive Director of Anitec, pointed out that based on the analysis of the clothing industry of the Central American countries, Nicaragua benefits the most from The Central America-Dominican Republic-United States Free Trade Agreement (DR-CAFTA) signed by the United States and Central American countries. However, the preferential treatment (TPL, Trade Preferences Level) given to the Nicaraguan textile industry by the U.S. is expiring by 2014. Whether this will affect the operation of the invested companies, remains to be seen. The Association, along with its U. S. customers, intends to lobby the U.S. government to extend the preferential treatment given to the Nicaraguan textile industry.