Home / Knowledge / News / Apparel/Garments / AAFA applauds Congressional passage of long-pending FTAs
AAFA applauds Congressional passage of long-pending FTAs
14
Oct '11
The American Apparel & Footwear Association (AAFA) applauded the passage of the long-pending free trade agreements with Colombia, Panama, and South Korea by the U.S. Congress. Also included in a series of trade-related votes was the renewal of the Generalized System Preferences (GSP), the Andean Trade Preferences Act (ATPA), and Trade Adjustment Assistance (TAA). All measures now go to President Barack Obama for signature.

“Today's congressional action reaffirms our competitiveness in the global marketplace,” said AAFA President and CEO Kevin M. Burke. “The benefits these agreements have for more than four million U.S. apparel and footwear workers and our consumers is quite clear. By opening these three important markets to two-way permanent trade flows, we gain access to more than 100 million new consumers while continuing to deliver quality and affordable product right here at home.”

“I urge President Obama to sign this market-opening legislation as soon as possible so that we can begin the process of implementing these trade agreements,” Burke said. “The U.S. apparel and footwear industry will continue working with the Obama Administration and Congress to ensure the implementation process is seamless.”

Since 2002, U.S. cotton exports to Colombia have more than quintupled while U.S. yarn and fabric exports to Colombia have doubled. These exports are valued at nearly $300 million. South Korea is currently the fourth largest market for U.S.-made finished apparel, behind Canada, the United Kingdom, and Japan. From 2000 to 2010, U.S. apparel exports to Korea have increased five times over.

The American Apparel & Footwear Association (AAFA) is the national trade association representing apparel, footwear and other sewn products companies, and their suppliers, which compete in the global market. AAFA's mission is to promote and enhance its members' competitiveness, productivity and profitability in the global market by minimizing regulatory, commercial, political, and trade restraints.

American Apparel & Footwear Association (AAFA)

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X