Home / Knowledge / News / Apparel/Garments / NRF welcomes Bill Extending Trade Preferences Program
NRF welcomes Bill Extending Trade Preferences Program
20
Nov '09
The National Retail Federation welcomed legislation that would extend the nation's largest duty-free trade preference program for 10 years and allow textiles, apparel and footwear to be included for the first time.

“Extending the Generalized System of Preferences for 10 years would give retailers the stability they need when making long-term business decisions and ensure that U.S. consumers can continue to buy the affordable products they're looking for in today's economic climate,” NRF Vice President and International Trade Counsel Erik Autor said. “Adding clothing and shoes to the list of products that receive duty-free treatment is important because these are goods that are in high demand here at home and which the countries that participate in this program are capable of making. Including these products in GSP would be a major step forward both for U.S. consumers and for promoting economic development and job creation in the world's poorest countries. This bill will help move forward the debate in Congress on improving our system of trade preferences.”

H.R. 4101, the New Partnership for Trade Development Act of 2009, was introduced on Wednesday by Representative Jim McDermott, D-Wash., a senior member of the House Ways and Means Committee's Trade Subcommittee.

The bill would reauthorize the Generalized System of Preferences for 10 years after it expires on December 31, and expand the list of products eligible for tariff-free treatment under the program by including textiles, apparel and footwear. The measure would also expand benefits for poor countries outside sub-Saharan Africa under the African Growth and Opportunity Act by providing more liberal rules on how products quality for preferential treatment.

Introduction of the bill came a day after the subcommittee held a hearing on the nation's trade preferences programs, and NRF submitted written testimony asking that they be renewed and expanded because the demand for affordable goods has increased during the current recession. The programs have frequently been renewed for as little as a year or two at a time, but NRF asked that they be given permanent or extended authorization in order to make long-term planning easier.

The United States has six trade preference programs that offer duty-free treatment or reduced duties on specified lists of imports from developing countries in Central America, the Caribbean, Africa and Asia, each with its own specific rules.

National Retail Federation

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Mohammad Hassan
Biax Fiberfilm

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

Ashok Desai
Bombay Textile Research Association

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Wendell Rodricks
Wendell Rodricks

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search