MEDELLIN, Colombia — Beleaguered Colombian apparel and textile firms hoping the U.S.-Colombia Free Trade Agreement will lift them from a seven-year slump are pinning their hopes on two trump cards: geography and innovation.
Manufacturers interviewed here said they harbor no illusions that the pact will level the playing field with Asian competitors. But they do expect the trade deal — which went into effect May 15, eliminating tariffs on most binational trade, including fibers, fabrics and apparel — will open just-in-time market niches, lower the cost of U.S. cotton imports and bring certainty to long-term planning.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)