Home / Knowledge / News / Apparel/Garments / US Congress may discuss SAVE bill this week
US Congress may discuss SAVE bill this week
02
Jan '13
The US Congress is likely to consider the provisions of the proposed Save Our Industries Act (SAVE Act) bill this week, Philippines Department of Trade and Industry has said.
 
Under an arrangement known as 809 program, the said bill would earn duty-free or preferential access in the US market for Philippine garments made using US textiles.
 
Philippines Trade Undersecretary Cristino Panlilio said it was unfortunate that the proposed trade bill was not taken up for discussion during December, as the fiscal cliff situation concerns kept the US Congress occupied. 
 
However, it is expected that this week the US Congress would discuss the proposal, along with some other multilateral trade bill proposals, GMA News reported.
 
Supported by Daniel Inouye, Democratic Senator from Hawaii, the bill is looked upon as a mutually beneficial proposition for both the nations, as while Philippines would win duty-free or preferential access for some of its garment items to the US, the US would also benefit from increased textile exports to Philippines.
 
The bill, if passed, is expected to help the Philippines’ apparel industry to generate exports worth US$ 3 billion, and also rekindle thousands of jobs gone since 2003, when the industry employed around 600,000 workers. 
 
Philippines’ garment and textile industry exports have been falling steadily since 2005, following phasing out of the quota allocated to it under the Agreement on Textiles and Clothing. 
 
Following the phasing out of the quota, Philippines garment and textile exports fell to US$ 1.2 million in 2010, which is a minute fraction of the pre-phasing out levels of US$ 2 billion.
 
Passage of the bill is also expected to push US’s textile exports to Philippines and other ASEAN nations to about US$ 500 million, giving rise to around 2,000 employment opportunities in the US fabric mill sector.
 

Fibre2fashion News Desk - India


Must ReadView All

Union Minister for finance Arun Jaitley chairing the 25th GST Council meeting, flanked by minister of state for finance Shiv Pratap Shukla (right) and finance secretary Dr Hasmukh Adhia. Courtesy: PIB

Textiles | On 20th Jan 2018

GST rate on velvet fabric reduced to 5%

The 25th Goods and Services Tax (GST) Council meeting, held under the ...

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

Textiles | On 20th Jan 2018

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

The revenue from the petrochemicals segment at Reliance Industries...

Courtesy: Cotton USA

Textiles | On 20th Jan 2018

US cotton bodies pledge to support CCI activities

Ten US cotton organisations have pledged industry contributions in...

Interviews View All

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Robert Brunner
Devereux

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

Silvia Venturini Fendi
Fendi s.r.l

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

Rupa Sood and Sharan Apparao
Nayaab

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

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

January 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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