{"id":851,"date":"2014-05-30T02:04:38","date_gmt":"2014-05-30T02:04:38","guid":{"rendered":"http:\/\/indonesiagarment.com\/news\/2014\/05\/30\/peru-has-latin-americas-lowest-textile-industry-labor-costs\/"},"modified":"2014-05-30T02:04:38","modified_gmt":"2014-05-30T02:04:38","slug":"peru-has-latin-americas-lowest-textile-industry-labor-costs","status":"publish","type":"post","link":"https:\/\/indonesia-product.com\/news\/peru-has-latin-americas-lowest-textile-industry-labor-costs\/","title":{"rendered":"Peru has Latin America&#039;s lowest textile industry labor costs"},"content":{"rendered":"<p><!--adsense--><br \/>\nLiving in Peru, Peru<br \/>\nPeru has the lowest labor cost of the textile industry in Latin America, being listed among the 15 lowest-cost countries in the world, according to Werner International Management Consultant study, stated today Scotiabank.<br \/>\n<!--more--><br \/>\nScotianbank reported that the export textile sector has important strengths, such as the quality of raw material, free access to the United States, qualified work at a low cost, proximity to the North American market and vertical integration.<\/p>\n<p>In addition, Peruvian business leaders have improved their answering capabilities, which has helped to place Peru as a textile supplier in emergency situations, specialized on sending small-scale exports.<\/p>\n<p>However, he stressed that the quality of most Peruvians textiles allows them to compete at premium levels in the North American market, where price is a less decisive factor.<\/p>\n<p>Besides, Scotiabank reported that the Textile Committee of the National Industry Society (SNI) estimates that textile investments would reach 200 million dollars in 2014, 35 percent higher than in 2014.<\/p>\n<p>The bank warned that a medium term risk is Venezuela&#8217;s departure from the Andean Community (CAN).<\/p>\n<p>\u00e2\u20ac\u0153Venezuela is currently the second destination market for Peruvian exports, representing 400 million-dollar sales in 2014\u00e2\u20ac\u009d.<\/p>\n<p>After Venezuela&#8217;s departure from the CAN, free access will be eliminated, however according to current Andean law, these benefits will prevail for five more years.<\/p>\n<p>News source: ANDINA<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Living in Peru, Peru Peru has the lowest labor cost of the textile industry in Latin America, being listed among the 15 lowest-cost countries in the world, according to Werner International Management Consultant study, stated today Scotiabank.<\/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 - 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