Home / Knowledge / News / Apparel/Garments / SAVE act stands better chance in 2013: US ambassador
SAVE act stands better chance in 2013: US ambassador
04
Sep '12
Philippines-initiated legislative bill ‘Save Our Industries Act’ or SAVE Act, pending in the US Congress since 2010, has a very thin chance of passage even this year because of the impending presidential elections in November.
 
The SAVE Act bill, once cleared, would open the way for duty-free or preferential access of Philippine garments, prepared from American yarn or fabric, in the US market. 
 
Speaking at the Makati Business Club, US Ambassador to Philippines, Harry K. Thomas Jr., said that in 2013, during the tenure of the next Congress, the bill might have a better chance to of approval. 
 
He added that the proposed legislative bill had received support from the Obama administration through the endorsement of Secretary of State Hillary Clinton. 
 
Philippines will, however, continue to campaign for the legislative measure before the next US Congress if it does not get passed by the current Congress till January 2013.
 
In an attempt for the passage of the bill and abiding to the US’s demand to make the bill more acceptable to the US textile and garment industry, the Philippines Government has made several major revisions earlier, such as reducing the period covered for the duty-free garment and textile trading with the US to five years from 10 years.
 
The estimated duty waiver of around US$ 330 million per annum on the Philippine-made garment exports to the US was first reduced to US$ 230 million per annum, and was again further reduced to US$ 200 million per year.
 
Philippine Trade and Industry Undersecretary Cristino L Panlilio said that as per the ‘cut and sew’ provision of the bill they have assured the US legislators that the Philippines would only import fabrics, such as poplin, from foreign nations only if these are not being produced in the US.       
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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:
July 2017

July 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