In a one-page position paper handed out during a Sept. 9 stakeholder event at the 14th round of talks here, THA urged the Office of the U.S. Trade Representative to put forward what it calls a "knit to shape" rule for certain socks and hosiery products. This would mean that if the socks or hosiery are made into a final product in a TPP country, they would qualify for tariff benefits, regardless of where the yarn was produced, an industry source said.
When the U.S. hosiery industry realized it would not benefit from these exceptions in TPP, it took a closer look at its sourcing patterns and decided to make the broader demand for a knit-to-shape rule, according to industry sources.
Under the knit-to-shape rule proposed by THA, elastomeric, or stretchy yarns, would be among the yarns that could be sourced from outside the TPP region. In its paper, THA argued that it is especially important that this exception to the yarn-forward rule apply to elastomeric yarns in light of the fact that the number of U.S. elastomeric yarn producers is expected to dwindle to just one by the end of next month.
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