{"id":352,"date":"2014-07-21T02:00:52","date_gmt":"2014-07-21T02:00:52","guid":{"rendered":"http:\/\/indonesiagarment.com\/news\/2014\/07\/21\/bahrain-garment-makers-demand-swift-execution-of-fta\/"},"modified":"2014-07-21T02:00:52","modified_gmt":"2014-07-21T02:00:52","slug":"bahrain-garment-makers-demand-swift-execution-of-fta","status":"publish","type":"post","link":"https:\/\/indonesia-product.com\/news\/bahrain-garment-makers-demand-swift-execution-of-fta\/","title":{"rendered":"Bahrain : Garment makers demand swift execution of FTA"},"content":{"rendered":"<p>Bahrain : Garment makers demand swift execution of FTA<br \/>\nJuly 20, 2014\/Fibre2fashion.com, India<\/p>\n<p><!--adsense--><\/p>\n<p>Garment manufacturers of the country have requested to implement Free Trade Agreement (FTA) soon because any delay may result in 4,000 job loss.<\/p>\n<p>Under FTA, manufacturers get duty concessions, which will support speedy revival of the ailing factories, informed Harinder Singh Lamba, Vice-Chairman, Bahrain Chamber of Commerce and Industry Readymade Garments and Textiles Committee.<!--more--><\/p>\n<p>Labour cost in Bahrain is very high, and to compete with Far East countries, India and Egypt, country\u00e2\u20ac\u2122s manufacturers must get duty concession which lower down manufacturing cost and make product competitive in the global market.<\/p>\n<p>Lamba said that labour cost in Bahrain is very high that of India and Egypt. In Egypt cost per person is US$ 60, in India $80 where as in Bahrain it is as high as $400.<\/p>\n<p>Only duty concessions can help to cope with this problem as it offers 18 to 33 percent allowance.<\/p>\n<p>Main purpose to promote FTA is to boost the country\u00e2\u20ac\u2122s export with competitive products.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bahrain : Garment makers demand swift execution of FTA July 20, 2014\/Fibre2fashion.com, India Garment manufacturers of the country have requested to implement Free Trade Agreement (FTA) soon because any delay may result in 4,000 job loss. Under FTA, manufacturers get duty concessions, which will support speedy revival of the ailing factories, informed Harinder Singh Lamba, [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bahrain : Garment makers demand swift execution of FTA - Directory of wholesale, manufacturers, distributors, importer and exporter in Indonesia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/indonesia-product.com\/news\/bahrain-garment-makers-demand-swift-execution-of-fta\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bahrain : Garment makers demand swift execution of FTA - Directory of wholesale, manufacturers, distributors, importer and exporter in Indonesia\" \/>\n<meta property=\"og:description\" content=\"Bahrain : Garment makers demand swift execution of FTA July 20, 2014\/Fibre2fashion.com, India Garment manufacturers of the country have requested to implement Free Trade Agreement (FTA) soon because any delay may result in 4,000 job loss. 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