By  on February 5, 2018

MEDELLIN, Colombia — Brazil’s textile and apparel industry is forecast to grow 11 percent to roughly $47 billion this year as the improving economy is expected to boost local sales and a new trade deal with Colombia should fuel exports to the neighboring nation.

“Production will grow 5 percent this year,” Rafael Cervone, president of leading trade lobby Abit, predicted on the fringes of the Colombiatex trade show here, despite analysts’ views that Brazil’s October presidential elections could dent some of those gains if it becomes too volatile.

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