Home / Knowledge / News / Apparel/Garments / US Chamber supports extension of TPL to Nicaragua
US Chamber supports extension of TPL to Nicaragua
17
Jul '14
Jodi Bond(c: END/Oscar Sanchez)
Jodi Bond(c: END/Oscar Sanchez)
The U.S. Chamber of Commerce has come out strongly in favour of extension of the Tariff Preference Level (TPL) for another 10 years at the request of the Nicaraguan textile and clothing industry.
 
Jodi Hanson Bond, vice president of the Americas for the International Division at the U.S. Chamber of Commerce, who was in Nicaragua to analyze the achievements of DR-CAFTA in Nicaragua in 10 years, said the textile and apparel sector contributes about 30 percent to Nicaraguan exports to the United States.
 
In 2004, the United States signed the Dominican Republic-Central America Free Trade Agreement (CAFTA-DR), which includes Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and the Dominican Republic. Subsequently, Nicaragua was granted a TPL that allows apparel made of certain cotton and man-made fiber to enter the US duty free under CAFTA-DR if it’s assembled in Nicaragua, regardless of the origin of the fabrics.
 
The TPL, which is scheduled to expire on December 31, 2014, is limited to 100 million square meter equivalent units (SME) per year, according to the U.S. Department of Commerce’s Office of Textiles & Apparel (OTEXA).
 
In addition, the TPL contains a “unique provision for woven trousers (categories 347/348 and 647/648),” says OTEXA. Nicaraguan trouser producers must use matching amounts of US and foreign fabrics to make the trousers, and the fabrics must be matched one-for-one, and the amount of trousers that can be imported to the United States is capped.
 
The U.S. Chamber of Commerce very strongly supports the efforts to renew TPL for Nicaragua and the organization is ready and willing to provide any necessary assistance in Washington in the coming months, Ms. Bond said.
 
She added that the extension of TPL would ensure that the Nicaraguan textile industry remains an economic growth engine and employment generator.
 
According to her, it would be devastating to the Nicaraguan economy if the TPL is not extended.
 
The Nicaraguan Association of Textile and Apparel (Anitec) has estimated that the textile and apparel manufacturing sector in Nicaragua will lose about 33,000 jobs if the TPL is not extended.
 
Bilateral trade between the US and Nicaragua increased by 137 percent since 2005 to US$ 3.9 billion in 2013.
 

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

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

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

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Ashok Desai
Bombay Textile Research Association

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

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....

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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:
July 2017

July 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