Mauritius to launch STMS for Textile and Apparel segment

The Mauritius government in the wake of Brexit, will be launching the Air Freight Rebate Scheme known as the ‘Speed-to-Market’ Scheme (STMS) for its textile and apparel segment this month after consultations with the various stakeholders.

STMS will also allow Mauritian textile and apparel exporters to become more competitive vis-à-vis other countries exporting via air freight to Europe.

Another objective is to enhance the competitiveness of Mauritian exports in the European market, especially in terms of speed of delivery while at the same provide support to the textile and apparel enterprises facing difficulties in the wake of Brexit.

The STMS which will be applicable to the textile and apparel manufacturing companies only, will among others; provide a 40 percent refund on air freight cost to exporters to Europe including UK; be time-bound for 2 years; and will be operated and managed by Enterprise Mauritius. The refund will be applicable for exports as from 1st April 2017.

The STMS scheme for textile and apparel was announced in the Budget speech 2016/17 by the minister of finance and economic development of Mauritius.

Mauritius is the largest African clothing exporter to America and Europe.

Recent Posts

Nextevo showcases chemical-free pineapple leaf fiber

Nextevo has introduced its 100% chemical-free pineapple leaf fiber to the global market, highlighting its sustainable qualities and versatile applications.

9 hours ago

Benin emerges as a sustainable textile production hub

Benin is positioning itself as a new center for sustainable textile production, backed by the Aid by Trade Foundation’s (AbTF)…

9 hours ago

Teijin Frontier introduces Octair insulation fiber

Teijin Frontier has announced Octair, an advanced polyester insulation fiber designed for bedding and apparel, making it ideal alternative to…

9 hours ago

Gebrüder Otto, ITA Augsburg develop towels with 50% recycled fiber

Gebrüder Otto has partnered with the Recycling Atelier at ITA Augsburg to create cotton towels using yarns made from 50%…

1 day ago

Scientists develop silk threads, turning clothing into power sources

Scientists have found a way to turn textiles into energy sources by creating a unique silk thread coated with a…

1 day ago

The LYCRA Company launches LYCRA TOP COMFORT fiber

The LYCRA Company has introduced its newest advancement for pantyhose waistbands, called LYCRA® TOP COMFORT fiber.

1 day ago