Mexico’s textile industry sees increased competition from China
According to a report by Mexico’s “Universo” on January 25, due to the depreciation of the peso against the US dollar, the prices of some imported raw materials have increased, resulting in an increase in the prices of Mexican textile and garment industry products. In addition, the sector also faces undervalued prices and smuggled products, from Difficulties include more intense competition in China and increased imports of unfairly competitive products. However, the textile industry also stated that under the same conditions, Mexican textile and garment sector companies are capable of competing. Both large companies and small and medium-sized enterprises have invested heavily in technology. Mexico’s textile industry sees increased competition from China
AAA
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