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Colombia's textile and apparel sector is set to expand by 5% in 2023

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Published: Tuesday, 31 October 2023 05:20

Colombia's textile and apparel sector is set to expand by 5% in 2023, driven by surging consumer demand, export growth, and foreign investments. This thriving industry plays a pivotal role in Colombia's economy, employing millions and generating billions in annual revenue.

The government's strategic initiatives, such as tax incentives for industry investments and workforce training programs, bolster its growth. With its skilled labor force, competitive labor costs, market access, and government backing, Colombia's textile and apparel industry is poised for sustained success in the years ahead.