Spain's Textile Industry Picks Up Textile And Garment Industry Development Plan

Recently, Spain The textile and accessories business association (ACOTEX) said that Spain's textile industry will rebound after 7 years of recession as a result of its overall economic recovery. The chamber called on the Spanish Ministry of finance to reduce the current 18% of value-added tax to promote further recovery of the industry.

Recently, Spanish textiles and parts The ACOTEX said that Spain's textile industry will rebound after 7 years of recession as a result of its overall economic recovery. The chamber called on the Spanish Ministry of finance to reduce the current 18% of value-added tax to promote further recovery of the industry.

Spanish media pointed out that since 2007, nearly 20% of Spain's clothing and household goods. textile The store closes and the turnover is reduced by 30%. Spain's apparel and home textile industry increased by 1.6% over the same period last year.

According to the annual report of the chamber of Commerce, the total sales volume of Spain's textile industry in 2013 was 15 billion 850 million euros, a decline of 3.78%, but it began to show growth in the second half of the year, although the growth rate was limited, but the industry generally agreed that Spain's economic crisis had bottomed out and will gradually improve.

In 2013, 152 stores of clothing and home textiles were closed, the total number of shops was less than 6, and the number of people employed in the textile industry decreased by 2.11% to 186 thousand. Last year, the consumption expenditure of Spanish households in textile products decreased by 744 euros to 1109 euros compared with 2006, and the average consumption expenditure of individuals in textile products was 400 euros.

The Ministry of Commerce and industry has made a series of scheduled milestones through the textile and garment industry development plan. In terms of the localization ratio of textiles and garment industry, the government set a target of 55% in 2015, 65% in 2020 and 70% in 2030.

In addition, the annual production growth rate will increase from 12% to 13% between 2013 and 2020.

In the domestic market segment, the Ministry of Commerce and industry estimated that the growth rate from 2013 to 2015 was 9% to 10%, and that from 2016 to 2020 was 10% to 12%.

Vietnam's textile industry supplies more than 50 countries to the world's textile products and is the largest supplier to the United States after China.

Vietnam is one of the 12 member countries of the trans Pacific Partnership Agreement, and the implementation of the TPP will drive Vietnam's exports.

Details of the plan were announced when Vietnamese anti Chinese protesters attacked foreign textile clothing factories.