Released on = April 19, 2007, 10:48 pm

Press Release Author = Namrata

Industry = Small Business

Press Release Summary = Most authorities agree that China will be the biggest winner
after quotas have been eliminated on December 31, 2004, followed by Turkey and India


Press Release Body = The Rise and Fall of the Garment Industries in Mexico and the
Caribbean Basin

Most authorities agree that China will be the biggest winner after quotas have been
eliminated on December 31, 2004, followed by Turkey and India. But the biggest
losers could include Mexico and Caribbean Basin Initiative (CBI) countries. Mexican
garment exports to the USA grew rapidly after Nafta was implemented in 1994, but
have fallen each year since their peak in 2000. Exports from Honduras also soared
during the 1990s. But between 2000 and 2003 growth slowed to an average of only 2.5%
a year in value terms. Mexico and CBI countries rank as the biggest suppliers of
garments to the USA after China. But they suffer from a narrow product base. In
Mexico, knit shirts, cotton underwear and casual trousers accounted for 74% of all
garment exports to the USA in 2003. Cotton trousers and cotton knit shirts alone
accounted for 57%. Also quota utilisation data suggest that buyers source from
Mexico and CBI countries only after they have exhausted quotas in their first choice
countries.

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