Home / Knowledge / News / Apparel/Garments / Actions of Ways & Means Committee on China Currency falls short in eyes of AAFA
Actions of Ways & Means Committee on China Currency falls short in eyes of AAFA
Sep '10
American Apparel & Footwear Association (AAFA) President and CEO Kevin M. Burke released the following statement after the House Ways and Means Committee voted to approve the Currency Reform and Fair Trade Act (H.R. 2378).

“We regret the actions of the House Ways and Means Committee on this critical issue. In this time of economic challenge for American families and American companies, the bottom line is that this bill would not create any jobs here in the United States and does nothing to force China to revalue its currency.

“If this bill moves forward, the only thing it will accomplish is to ignite a trade war between the United States and China at the cost of American jobs, including jobs in the U.S. apparel and footwear industry. As the fastest growing export market for U.S. manufacturers, U.S. farmers and U.S. brands, a trade war with China will prevent us from achieving the laudable goals of the National Export Initiative, and might even send us in the opposite direction.

“Focusing on currency does little to resolve the very real problems with China that would help create U.S. jobs. These issues include intellectually property rights enforcement and further market access for U.S.-made and U.S.-branded products in the Chinese market.

“We hope the House leadership and the full U.S House of Representatives will take these facts into account before moving forward on this ineffective and shortsighted piece of legislation.”

American Apparel & Footwear Association (AAFA)

Must ReadView All

Textiles | On 24th Oct 2016

Indian govt plans roadshows to promote textile exports

The Indian government has planned to conduct roadshows to boost the...

Textiles | On 24th Oct 2016

TPP may hit roadblock

The 12-member Trans-Pacific Partnership (TPP) that was signed earlier ...

Textiles | On 24th Oct 2016

Baba Ramdev’s Patanjali to enter textile manufacturing

Patanjali Ayurved, an enterprise initiated by yoga guru Baba Ramdev,...

Interviews View All

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Ashok Desai
Bombay Textile Research Association

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Ritu Kumar
Label Ritu Kumar

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search