Garment and textiles industry sees sign of stablizing

The garment and textiles industries witnessed a monthly increase of 8 percent and 3 percent respectively in May.

However, according to the Deputy Minister of Trade and Industry, declining demands from important markets like the US and the EU have resulted in the industries’ exports turnover in May falling by 11 percent to US$ 3.24 billion compared to the same period last year. This accounts for only 28 percent of this year’s plan.

A domestic trade program has been launched by many supermarket chains together with the widening of wholesale and retails channels to deliver goods to rural areas.

Commercial experts have also confirmed that the concentration of domestic enterprises in the home market, especially towards low income consumers and the special attention they pay to marketing and promotional programmes are the best ways to ease the global economic downturn.

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