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China is a key player for US apparel & footwear industry, AAFA
23 Dec '09
2 min read
The American Apparel & Footwear Association(AAFA) released the following statement following publication of the 2009 Report to Congress on China's World Trade Organization(WTO) Compliance by theOffice of the U.S. Trade Representative (USTR). The Report to Congress on China's WTO Compliance is a required annual assessment of China's compliance with its accession commitments to the WTO.
“Our trade relationship with China continues to grow more complex by the day,” said AAFA President and CEO Kevin M. Burke. “This annual stocktaking of China's follow through on its obligations allows for greater certainty and predictability in the global marketplace.”
“For the U.S. apparel and footwear industry, China is a key player,” said Burke. “In 2008, nearly 90 percent of all footwear and more than 34 percent of all apparel sold in the United States was imported from China. Just as important, China has become one of the fastest growing export markets for U.S.-made and U.S.-branded apparel and footwear as well as for the U.S.-made and U.S.-branded inputs that go into those products. China's adherence to its international obligations is clearly necessary for the success of the U.S. apparel and footwear industry.”
“Much more work remains to be done to ensure China is in complete compliance,” Burke said. “We must ensure that China is not abusing domestic subsidies, manipulating its currency, and violating intellectual property rights to unfairly position them in the global market. At the same time, we must also ensure that the United States complies with its own international obligations when engaging China.”
“Our trade relationship with China continues to grow more complex by the day,” said AAFA President and CEO Kevin M. Burke. “This annual stocktaking of China's follow through on its obligations allows for greater certainty and predictability in the global marketplace.”
“For the U.S. apparel and footwear industry, China is a key player,” said Burke. “In 2008, nearly 90 percent of all footwear and more than 34 percent of all apparel sold in the United States was imported from China. Just as important, China has become one of the fastest growing export markets for U.S.-made and U.S.-branded apparel and footwear as well as for the U.S.-made and U.S.-branded inputs that go into those products. China's adherence to its international obligations is clearly necessary for the success of the U.S. apparel and footwear industry.”
“Much more work remains to be done to ensure China is in complete compliance,” Burke said. “We must ensure that China is not abusing domestic subsidies, manipulating its currency, and violating intellectual property rights to unfairly position them in the global market. At the same time, we must also ensure that the United States complies with its own international obligations when engaging China.”
American Apparel & Footwear Association (AAFA)
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