SWIZERLAND: Swaziland`s Textile Exports double.
Inspite of the sluggish economic growth rate and the global financial crisis, Swaziland’s textile export earnings doubled in the second quarter of the previous year.
Egytex News Desk
Source: www.yarnsandfibers.com
The country’s earnings from textile exports increased from E71.5 million in the first quarter of 2010 to a high of E141.9 million in the second quarter.
This, according to the quarterly review report of the Central Bank of Swaziland (CBS) for September 2010, was mainly due to lower export volumes in the first quarter.
The report reads that textile exports continue to benefit from preferential access to the US market under the African Growth Opportunity Act (AGOA).
Source: www.yarnsandfibers.com
From the Egytex news archive, first published on 10 February 2011. Figures and names are as reported at the time.
