The textile sector is highly important for the Dominican Republic, being one of the economic milestones of the country in respect to levels of exports and employment. Close to 70% of the Dominican free zone companies are textile companies.
The textile industry of Dominican Republic which was in a weak position due to the tough competition by the China has started picking up again as the Western companiesâ€™ declining interest for sourcing production in Asia
Jeanologia, the Science of Finishing, a research & development center that discovers creates & sells industrial solutions in garment, Spanish garment Technology Company which works with leading U.S. brands such as Polo Ralph Lauren, Leviâ€™s, Abercrombie & Fitch, American Eagle and Calvin Klein, has branches in Mexico, India, Bangladesh, China and other countries sees higher wages in China and shipping costs are the main reason for the shift in industrial production away from Asia and back to the Western Hemisphere.
Also companies want to avoid the problem of poor working conditions at factories run by Asian suppliers.
Countries such as Mexico and the Dominican Republic, which enjoy geographical proximity to the U.S. market, are increasingly attracting productive investment that would have otherwise gone to China.
A rapid industrial disarticulation is occurring from China to other countries. There is a need to get the most out of on it and ensure that the Dominican Republic, Mexico, Haiti and the other (regional) countries become the main workshop for the U.S., if not done than other countries like Vietnam, Cambodia and Bangladesh will.
Latin American countries to regain leadership of the textile industry and become the great workshop for the United States need act to leverage technology
Dominican President Danilo Medina, stated that his country could benefit from the current global economic repositioning and become a leading destination for new foreign direct investment.
The expansion of the textile industry will also contribute to the development of other economic sectors, such as the textile complementary industry like thread, zippers and hangers producers, which have already shown an interest to establish themselves in the country,
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