Bulgaria Textile Industry is facing Asian invasion



   The textile sector is one of the biggest industry in Bulgaria. They are exporting a forth of their total production in countries such as Greece, Germany, Italy, Spain, etc. Moreover, one fifth of the total number of employees are working in the textile field. One of their strength points was the cheap and qualified work force, which made the products competitive from point of view of the price-quality report However, after quota removal, countries like China and India become a tough competitor for Bulgaria, threatening to decrease their exports by 30 %. Last week, 21 countries discussed in Brussels about the delaying of removing quotas, mainly because this removal will be followed by an Asian monopolization of the worldwide textile business