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Philippines pushes for passage of US 'Save Our Industries Act'
20
Aug '10
Trade Secretary Gregory L. Domingo recently divulged that, Philippines has intensified its efforts with the US Congress for passing of a garments bill before completion of the year, so that it could form a part of the agenda of President Aquino's trip to US.

Domingo, as he conversed with media on the sidelines of the first economic meet of the Aquino Cabinet said that, it is important that the “Save Our Industries Act” is passed by end of the year or else, it would get trapped in the imminent changes in Congress, which means they would be required to file the bill, afresh. US mid-term elections are scheduled to take place in the end part of the year.

He mentioned that, till now, neither, the House or the Senate of the US Congress, have taken up the bill for passage. The bill requires more impetus, he added.

He further stated that, during his recent visit to US, he met a few of the US legislators, and also some of the renowned brands source from domestic producers, so as to seek their assistance. He also said that, he has even requested Filipino communities in California and New York to get in touch with their congressman and senators for immediate passage of the bill.

The garments bill is intended to benefit the apparel industry as it would earn duty-free access for the garments and apparels that are completely produced in the country, with a clause that, these garments and apparels necessarily should have been produced using US textiles, fabrics, yarn and cotton.

Correspondingly, the US yarns, textiles and fabrics too would enjoy duty-free status in Philippines. The bill is advantageous both for the US and the Philippines, as regards the employment opportunities that would be generated, he said.

Fibre2fashion News Desk - India


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