Textile industry
The Argentine Textile Industries Federation (FITA) reported that textile production fell 23.9% year-over-year in January 2026, the sharpest drop since 2016. Factories operated at just 24% of installed capacity, with warnings over low-priced imports impacting jobs and competition.
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Argentina's Economy Minister Luis Caputo ignited controversy by stating he never bought clothes locally because it was 'a robbery'. Textile industry figures like businesswoman Marixa Balli and designer Benito Fernández slammed the comments as offensive and urged government support for a struggling sector.