Innovation, Leading-Edge Technology and Intelligent Fabrics Are Some of the Key Attributes That Will Drive the Colombian Textile Industry in 2016
February 3, 2016 | By Business Wire News
MIAMI
Colombia’s quality, innovation and expertise are some of the key attributes that have kept the textile industry growing at a dynamic pace over the last ten years. Household linens, t-shirts and shapewear were some of the main products exported during 2015 to the U.S. This helped position the country as one of the best manufacturers in the western hemisphere, holding productions for major international brands such as Victoria’s Secret, Levi & Strauss Co., Nautica, Inditex, Eddie Bauer, Polo Ralph Lauren, Timberland, Tommy Hilfiger, among many others.
Colombia’s 10 Free Trade Agreements have helped it strengthen its position as a trade ally for many countries and manufacturers, especially for U.S. companies wanting to penetrate the Latin market. Between January and November 2015 close to 2,028 Colombian textile companies exported their products, recording a historic number of trade transactions between Colombia and the U.S.
The U.S. has been an important commercial partner, sales accounted for 36% of the total textile exports in 2015. “This share is expected to continue to grow as more innovative fabrics and technologies are being developed by Colombian suppliers as well as trade advantages with the U.S. continue to grow with 0% Duties, short lead times, and flexible productions,” said Maria Claudia Lacouture, President of ProColombia.
Colombia’s textile industry is globally recognized for producing raw materials, functional finishes and accessories. Also for developing new natural and elastic fiber fabrics such as antibacterial coffee-based fabrics, fire-resistant buttons made of retardant additives, sun protection t-shirts, textiles with vitamin E and slimming capsules, anti-humidity shape-wear or body-shaping swimwear. According to ProColombia, these kind of innovative products, which aim to protect the customers’ health as well as the environment wellbeing, match the international buyers’ current demands.
Magic will be the perfect platform to display Colombia’s textile innovation. The show is part of a strategic promotion plan created by ProColombia to facilitate business opportunities for Colombian suppliers with American buyers. During its February edition, 7 full package companies will be participating at Sourcing at Magic and 11 more will participate at Project Mens, Project Womens, FNPlatform and Curve. (Booths # 61804 – 61811)
PROCOLOMBIA: Colombian Government Trade Bureau in charge of promoting exports, foreign direct investment and international tourism.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160203005346/en/
ProColombia
Andrea Lopez, +1 305-374-3144 Ext. 66173
Communications Director
alopez@procolombia.co
