The Textile and Apparel Industry Plays an Important Role in the Development of the Spanish Economy

The Textile and Apparel Industry Plays an Important Role in the Development of the Spanish Economy

The textile and apparel industry plays a significant role in the development of the Spanish economy. For the best immigration information, please visit the official WorldWay investment immigration website.

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Spanish investment immigration focuses on Spanish economic information: In 2012, due to a decrease in domestic consumption and a decline in industrial activity, Spain's imports of textiles and apparel fell by 7.8%. In the first quarter of 2013, Spain's textile and apparel exports continued to grow. During these three months, Spain's textile and apparel exports increased by 8.7%, reaching 2.871 billion euros, a year-on-year increase of 3.1%.

 

The Textile and Apparel Industry Plays an Important Role in the Development of the Spanish Economy

 

In terms of variety, from January to March 2013, Spain's imports of fibers and textiles amounted to 800.2 million euros, a year-on-year increase of 0.5%. During the same period, imports of knitted goods and apparel reached 2.627 billion euros, a year-on-year increase of 3.9%. In the first quarter of this year, Spain's textile and apparel exports were 2.871 billion euros, a year-on-year increase of 8.7%. Although fiber and fabric exports decreased by 1.3% year-on-year to 825 million euros, apparel exports reached 2.046 billion euros, a year-on-year increase of 13.3%.

The textile and apparel industry in Spain plays an important role in the development of the national economy. The International Textile Council (ICE) and the Workers' Committee of the Textile Federation (CCOO) and the General Union of Workers (UGT) have reached an agreement regarding wage increases for textile workers from January 1, 2011, to December 31, 2013. It is reported that this agreement has been reached through negotiations and will be signed in the coming days, affecting 125,000 workers in Spain's textile and apparel industry. According to this agreement, the wages of textile and apparel workers in Spain will increase by 0.8% in 2011, 0.69% in 2012, and 0.6% this year.

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