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El Salvador textile industry to shed thousands of jobs

Monday, February 25, 2013

The textile and apparel sector of El Salvador may lose around 22,000 jobs in three years, if the proposed Trans-Pacific Partnership agreement comes into force, according to experts.

The envisaged agreement, for which 14 rounds of negotiations have already been completed, would enable Vietnamese textiles to enter the US market at zero-tariff.

Across the Central American region, job losses could reach 200,000 if the agreement comes into effect, according to representatives of Salvadoran Association of Industrialists.

Source: Fibre2fashion