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Trade Ministry to collaborate with textile industries to curb textile piracy

Pic He was speaking to journalists after a meeting with representatives from Textile Manufacturing Companies and Industrial Commercial Workers Union of Ghana on Thursday. The meeting was to respond to petitions sent to the Ministry by local textile manufacturing companies to help find solution to their challenges. He said the restriction would also prevent a situation where only one container of textile was recorded at the Tema Harbour, but local markets were flooded with foreign textiles, all of which pointed to piracy. He said the textile industry in Ghana had over the years contributed much revenue to the economy and that was enough reason to bring back sanity in the sector. He said the import restriction would be enforced by police on behalf of the Ministry and workers of the textile companies to ensure the local manufacturers take part in decisions affecting their work directly. The Minister said a grace period of three months had been given to those actively involved in the importation of pirated textiles to stop the practice before the imposition of the restrictions take effect in September. He said once the restriction takes effect, any other textile seen in local markets without tax stamps would be considered as contrabands and illegal. Mr Kyerematen said it was his belief that, the implementation of the import restrictions on textiles and proper regulations, would force foreign textile manufacturers to move their industries to Ghana. He said because Ghana’s textile market had a huge demand margin over supply, foreign manufacturers would be enticed and attracted to come to Ghana to set up their industries closer to the market where the demand is present.

For the original version including any supplementary images or video, visit https://www.businessghana.com/site/news/business/165652/Trade-Ministry-to-collaborate-with-textile-industries-to-curb-textile-piracy

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