Home / Knowledge / News / Apparel/Garments / HKGCOT & AAFA sign MOU to promote cooperation & trade
HKGCOT & AAFA sign MOU to promote cooperation & trade
20
May '14
Hong Kong - The Hong Kong General Chamber of Textiles Ltd. (HKGCOT) and the American Apparel & Footwear Association (AAFA) signed a Memorandum of Understanding (MOU) to facilitate cooperation between the two organizations. The MOU will promote cooperation, information exchanges, and trade.
 
"Given AAFA's global footprint, and the central role that Hong Kong and China play for our industry as both a sourcing platform and a market, this alliance will help expand AAFA's international reach to better serve its members," said AAFA Chairman Rick Helfenbein, President of TellaS, Ltd., Luen Thai USA. "The HKGCOT is well situated to give AAFA, and its membership, an expanded presence in Asia."
 
"The United States is a key trading partner for many of our members," said HKGCOT Chairman Gordon Yen, Chairman of Pure System Ltd. "Having a partner, like AAFA, who can translate U.S. trade policy developments, is vital to our member companies' competitiveness." 
 
The MOU articulates a number of areas of cooperation, including strengthening communications, exchanging information on trade and sourcing, sharing best practices, and promoting textile and apparel trade.  The two organizations are now working to identify specific projects, events, and areas of information exchange.   
 
According to the U.S. Commerce Department, China and Hong Kong together account for about 42 percent of U.S. annual apparel imports. China and Hong Kong are also the destination of about $1.8 billion in U.S. textile and apparel exports. China is now the second largest destination of U.S. yarn and the third largest destination of U.S. fabric. 
 

AAFA

Must ReadView All

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Courtesy: Brook Brothers

Apparel/Garments | On 29th May 2017

America's Brooks Brothers added to CLiQ

Tata CLiQ Luxury, Tata group’s multi-brand, luxury e-commerce...

Interviews View All

Sonia Agarwal
Whitenife

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

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Ashok Desai
Bombay Textile Research Association

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eamonn Tighe
Nature Works LLC

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

Robert Brunner
Devereux

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

Sanjukta Dutta
Sanjukta's Studio

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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