HUB FACT SHEETS, INFOGRAPHICS & SUCCESS STORIES Trade & Investment News Read Our Blog Newsletters

Madagascar to host international textile trade fair this November

Published on June 30, 2016

Origin Africa, both an international trade fair on textile and clothing and an ongoing effort dedicated to improving African Cotton, Textile and Apparel trade which is all set to be held in Madagascar in November. This is the first time for Madagascar to host this international event, said the Executive Director of Madagascar Export Processing Zone Association, Eva Razafimandimby during a press conference held in Madagascar’s capital Antananarivo on Monday.

This fair will be the engine for the revival of Madagascar’s textile which has been doubly affected by the global financial and economic crisis of 2008 and the suspension of the country’s eligibility from the U.S. African Growth Opportunity Acts (AGOA) in January 2010, Razafimandimby added.

Amid the political crisis in Madagascar in 2009, the United States suspended from 2010 to 2014 Madagascar’s eligibility to AGOA, a program allowing African countries to export their textile products without tax to the United States. Due to the suspension of AGOA, hundreds of thousands jobs were lost, making the country among the poorest countries in the world. Read more. Source | YNFX