FAAMA | Sri Lanka

FAAMA Sri Lanka

Although Sri Lanka is geographically at a distance form key markets, it has succeeded in gaining a prestigious international customer base and a reputation as a quality manufacturer with dependable and on-time delivery.

However, with rapidly changing trends in the global retail industry, the emergence of China as a major producer, entry into WTO and removal of quotas Sri Lanka is facing some difficult times ahead. The Textile and Apparel Sector in Sri Lanka is vital to the country’s economy and the export of textiles and apparels accounts for a significant portion of Sri Lanka’s export earnings with the industry providing a large number of jobs and contributing to a large percentage of GDP.

As the Fabric & Apparel Accessory Manufacturers are the backbone and mainstay of the apparel industry, a representative body like FAAMA gives strength to such an association.

FAAMA provides a forum to exchange views and information and to educate members and those related to the industry. It also acts as a unified body to lobby at ministry and legislative level in order to protect the industry and pool resources.

The Global Compact Ten Principles

Human rights
		Business should support and respect the protection of internationally proclaimed human rights within there sphere of influence.
		Make sure that they are not complicit in human rights abuses.

Labour
		Business should uphold the freedom of association and recognize the right for collective bargaining.
		The elimination of all formss of forced labour and compulsory labour.
		The elimination of discrimination in respect of employment and occupation.

Environment
		Business should support a precautionary approach to environment challenges.
		Undertake initiatives to promote greater environmental responsibility.
		9 Encourage the development and diffusion of environmentally friendly technologies.

Anti-Corruption
		Business should work against corruption in all forms, including extortion and bribery.

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