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

Textiles minister Smriti Irani at a press conference with minister of state for textiles, Ajay Tamta, the principal director general (M&C), PIB, AP Frank Noronha and other dignitaries. Courtesy: PIB

Apparel/Garments | On 23rd May 2017

Special package for knitwear coming soon: Irani

Union textiles minister Smriti Irani said that the government of...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mohammad Hassan
Biax Fiberfilm

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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:
May 2017

May 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