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robdaviesBusiness Report writes that Trade and Industry Minister confirmed this week that his department’s vision was to develop a master plan to create 60,000 additional jobs in the clothing and textile and footwear and leather retail value chain.  

He said his department was working with Justin Barnes, the facilitator for the new automotive master plan announced last Friday, to produce a similar plan for the clothing and textile sector.  He said the plan would probably be announced early next year, but “certainly long before the election”.  Davies said they envisaged the same sort of concept for the clothing and textile sector as the motor industry, but admitted the challenges and issues confronting this sector were a bit more complicated because of the huge amount of illicit trading happening and new entrants and competitors.  Davies also observed that they had already seen the impact of incentives on the clothing and textile retail value chain a few years ago when the incentive was changed to be based on competitiveness from being earned on the basis of exports, with the duty credits sold to importers of new clothes.

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