Garment cargo dips by 25 percent
Saipan Tribune
By Agnes Donato
Reporter
Thursday, June 15, 2014
* Inbound garment cargo also slips by 25 percent
* Total outbound cargo posts 15-percent decline
* Total inbound cargo decrease by 15 percent
The worldwide lifting of trade quotas continues to negatively impact the local garment industry, with outbound cargo of finished garment products dropping by 25 percent during the first seven months of fiscal year 2014, Ports Authority data showed.
This figure represents the volume of apparel products that are for off-island sales.
The same decline rate is also recorded in the inbound numbers for garment raw materials. Read more about Garment cargo dips by 25 percent …