Home / Knowledge / News / Apparel/Garments / US takes CAFTA-DR concerns into account in TPP negotiation
US takes CAFTA-DR concerns into account in TPP negotiation
28
May '14
Concerns of the textile and apparel industries of the nations in the Central America-U.S.-Dominican Republic Free Trade Agreement (CAFTA-DR) have been taken into account by the Obama Administration in the ongoing 12-nation Trans-Pacific Partnership (TPP) negotiations.
 
In a letter to Dominican President Danilo Medina last month, President Barack Obama said that he had instructed the United States negotiating team to take into account the concerns regarding the negative impact that the TPP may have on the textile and apparel industries in the CAFTA-DR region.
 
The CAFTA-DR agreement is important for all member countries and the textile and garment industries of these countries share a long history of cooperation, Mr. Obama said in the letter. He added that the US negotiating team for the TPP recognizes the CAFTA-DR’s unique nature on regional economic integration.
 
The US negotiators are also mindful of the degree to which US suppliers are integrated with producers in the Dominican Republic, the letter said.
 
“I have instructed my negotiating team to take into account these considerations in the US’ approach in the negotiations for the TPP. Since our meeting in Costa Rica in May 2013, the United States representatives and trade officials have held extensive talks with all the ambassadors of the CAFTA-DR member countries on this topic; the Department of State and my staff of the National Security Council also met with their ambassador to discuss this issue,” Obama said.
 
Finally, he assured Mr. Medina, “We will continue to keep your concerns in mind as we move forward.”
 
The TPP is currently in the final stages of negotiation between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the US, and Vietnam.
 
Last year, Mr. Medina had written to Mr. Obama on behalf of the CAFTA-DR countries expressing his concern about the likely negative impact that the TPP could have on the textile and clothing industry in the CAFTA-DR region. The CAFTA-DR region comprises of six Central American countries, viz. Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and the Dominican Republic, which have a Free Trade Agreement (FTA) with the US.
 
In his letter, President Medina said the TPP could negatively impact the apparel industry in the CAFTA-DR region, if certain special concessions are given to the signatories, and it would change the direction and values of hemispheric and worldwide trade. He also expressed concern about the economic and social instability that could arise in the Central American region if the supply chain of textiles and apparel, which has been developed under the CAFTA-DR agreement, is altered.
 

Fibre2fashion News Desk - India


Must ReadView All

ITC, ICS tie up to help Moroccan textile value chain

Textiles | On 21st Apr 2018

ITC, ICS tie up to help Moroccan textile value chain

The International Trade Centre (ITC) has partnered with ICS, which...

Bangladesh garment manufacturers call for fair pricing

Apparel/Garments | On 21st Apr 2018

Bangladesh garment manufacturers call for fair pricing

Bangladesh garment manufacturers want a ‘commensurate adjustment’ by...

Pak ministry proposes extension to PM package for 2018-19

Textiles | On 21st Apr 2018

Pak ministry proposes extension to PM package for 2018-19

Pakistani textile ministry has reportedly proposed extending the...

Interviews View All

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Wendell Rodricks
Wendell Rodricks

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

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

Leave your Comments


April 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
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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
7.8%
Skip
9.7%

Total Votes: 103


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