With retail in the strained position it’s presently in and a promotional cycle that’s got stores stuck for selling product at full price, the way forward for retailers will be to look for duty savings.Knowing that, and highlighting its duty advantages to both the U.S. and the EU markets, African apparel manufacturers are looking to improve their presence and their offering.
To undertake both efforts, the Africa Pavilion will bring together 80 exhibitors from all over the continent in an effort to feature the region’s “next-generation apparel sourcing,” at Sourcing at Magic in Las Vegas Feb. 20-23.
Trade experts have said sourcing in Africa could quadruple over the 10 years of the African Growth and Opportunity Act (AGOA), which affords eligible African countries duty free sourcing to the U.S. AGOA was renewed in 2015 and will remain in place until 2025 when it will come up for renewal consideration again. Read more. Source | Sourcing Journal