Laos’ iron-tye industry, which has been in decline for decades, is in crisis as the economy is in recession, the first-ever independent study has found.
The study, titled Laos Industries Tye Industry, found that Laos, one of the poorest countries in Africa, employs fewer than half of the world’s cotton and silk workers.
And it found that the industry employs only about a quarter of the country’s workers.
Laos is in the midst of an economic downturn due to economic recession and high unemployment rates.
The country’s GDP dropped to 1.7 percent in 2016, according to the World Bank, down from 2.1 percent in 2015.
The country’s textile industry is the only sector of the economy that has recovered to pre-crisis levels, according the report, which was conducted by the Lao Textile Industry Association.
But the Laos industry suffered a major blow in 2016 when the government banned imports of textile fibers from China and banned the export of raw silk, which is the main export of Laos.
The trade embargo has led to a drop in the countrys textile exports and a decline in its export earnings, said the report.
The impact of the trade embargo is that the textile industry’s business, which had been growing at a healthy pace, is now facing severe downturns and could be shut down, said Korneli Dzengi, an independent consultant for the Laocanese textile industry.
The Laos textiles industry has about 1,600 employees and employs about 8,000 people, according a recent government report.
It employs about a third of the workers in Laos and the majority of the textile workers in the Laokas.
Dzengia, the chief executive officer of the Laocha, the country ‘s largest textile company, said that despite the trade embargoes, Laos is a great cotton and textile producer.
Laochas exports of cotton and cotton-silk products have grown five times in the past 10 years, Dzegi said.