This is what is Enterprise Mauritius in its monthly bulletin of December 2012. In addition, citing a statement from the U.S. Embassy in Madagascar, AGOA.Info website reports that the Big Island continue for another year yet out of the list of beneficiaries of the African Growth and Opportunity Act.
According to Enterprise Mauritius, the value of total exports of textiles and clothing Mauritius rose for the first eleven months of 2012 to Rs 23.6 billion against Rs 23.3 billion for the corresponding period of 2011. The breakdown of exports by product indicates that revenues for shirts rose from Rs 5.3 billion to Rs 5.7 billion whereas trousers, exports increased from Rs 3.6 billion to Rs 4.3 billion. By cons, a decrease in the value of t-shirts exported (Rs 7.7 billion to Rs 6.8 billion) was recorded during the period in question.
Enterprise Mauritius has announced that its vision Textile & Apparel organized in the course of 2012 the participation of local firms in promotional events including 14 international fairs, meetings direct buyers / sellers, missions for buyers and workshops. "The successful outcome HAS Generally beens for MOST of our participants," said Enterprise Mauritius. The export promotion agency provides a list of marketing activities Mauritian textile conducted in 2012, under, among others, participation in fairs Mauritius "by Fatex Zoom", "Texworld Paris", "Interstoff Fair" in Hong Kong "Texworld New York" as well as trade missions to South Africa, India, Madagascar and Reunion.
One of the companies involved in the exploration mission in New York, namely Corona Clothing (HK) Co. Ltd, is the subject of a report in the December newsletter of the Board of Investment (BOI). Established in 1972 and specialized in producing menswear upscale Corona Clothing is a provider of world-famous brands such as Hugo Boss and Cerutti.
Acquired by Wing Tai Properties in 2006, the company says the BOI has expanded its customer base which now includes brands such British Savile Row Tailors, Chester Barrie, Ede & Ravenscroft, Gieves & Hawkes, Hackett, Richard James, Turnbull & Asser, Aquascutum, Austin Reed and Harrods. "The presence of Wing Tai Holdings Mauritius is evidence that foreign investors have confidence in the quality and reliability of the Mauritian labor," said the BOI. Corona Clothing has increased its production capacity and workforce. It exports about 85% of its production to the United Kingdom, the rest being sold on other European markets and the United States.
In addition, U.S. authorities said they did not intend to restore trade privileges AGOA in the case of Madagascar. Citing a statement issued by the U.S. Embassy, ??the agency indicates that AGOA Info Americans referred to the problems of human rights and the failure of the Malagasy authorities in the restoration of democracy as reasons for extension exclusion of the Big Island from the list of countries benefiting from AGOA. Madagascar is excluded from AGOA program since 2009 when then-President Marc Ravalomanana was ousted by Andry Rajoelina. Several Mauritian textile companies operating in the Big Island where the cost of labor is lower than in Mauritius.
"We continue to be alarmed by the current diet's Lack of respect for some of the universally accepted principles MOST," said Eric Wong, chargé d'affaires at the U.S. embassy reported by AGOA.Info.
"Madagascar's continued failure to restore democracy, uphold Internationally Recognised human rights treaties, and to address serious violations of the rule of law HAS resulted in President Barack Obama's decision not to restore the country's admissibilité for benefits under the Africa Growth and Opportunity Act (AGOA) for 2013, "the statement from the U.S. Embassy.
Note, moreover, that two other African countries, Mali and Guinea-Bissau are no longer eligible for favorable trade provisions of AGOA. These countries have experienced coups in 2012. However, South Sudan has been confirmed as the new AGOA beneficiary country.