Analysis Of The Overall Development Of Honduras Textile And Garment Industry

This year's global boom is conducive to the overall development of the textile industry in Honduras for the following reasons:

(1) the US economy is recovering steadily, and it is expected that the demand for textile clothing will continue to grow.

(two) the Honduras government has decided to gradually increase the minimum wage of the textile and garment industry (in 2015, the market rate is 6.5%, the monthly minimum salary is 5730.45 Hong Kong dollars, 2016's amplitude is 6.75%, 2017's amplitude is 7.25%, 2018's amplitude is 8%), so that the investment company has clearly understood its human cost and is conducive to the production capacity planning.

(three) the low cost of international oil prices reduces the cost of electricity consumption.

(four) the Honduras free trade agreement with Canada came into force in October 1st (103). Due to preferential tariff, it is estimated that the textile and garment products exported to Canada will reach US $100 million this year.

Guillermo Matamotoros, executive director of the Honduras textile and Garment Association, said that the prospect of the Honduran textile and garment industry is optimistic this year, but the impact of industrial development on the growth of the EU economy and the slow growth of China's growth will probably affect the economic growth of the United States, resulting in a slowdown in demand for garments.

Another basis

Jesus Canahuati, a textile and garment industry in northern Cortes Province, told the media that this year, the Choloma plant in northern Choloma, San Pedro Sula, north of Honduras, will have a $300 million new factory plan for knitting factories. It is estimated that it will be able to operate in 2016, if the other northern parts are available.

This year, the business expansion plan will be increased, and the estimated investment in textile and garment industry will reach US $1 billion this year.

According to the statistics of Central Bank of Honduras, as of the third quarter of 2014, the export volume of export commodities for Honduras reached US $3 billion 8 million 800 thousand, up 2% from the same period in 2013. During the same period, the raw materials and semi-finished products imported from processing exports reached US $2 billion 59 million, and the Gu Rondeaux La textile garments industry in the United States

The first importer of the major importing countries can apply the preferential tariff of textiles to the United States and the 5 countries of Central America and the Dominica free trade agreement.