Nicaragua's apparel sector faces loss of 33,000 jobs

The apparel manufacturing sector in Nicaragua will lose about 33,000 jobs if the Tariff Preference Level, TPL, which will expire on December 31, 2014, is not extended, according to the Nicaraguan Association of Textile and Apparel.

Nicaragua was granted the TPL that allows apparel made of certain cotton and man-made fiber to enter the U.S. duty free under the Dominican Republic-Central America Free Trade Agreement, CAFTA-DR, in 2004.

Apparel constituted 30 percent of all exports made by Nicaragua to the US last year, according the Free Zone Corporation.

Source: Fibre2fashion