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US retailers hail Miscellaneous Tariff Bill
20
Apr '16
The Retail Industry Leaders Association (RILA) in the US has hailed the introduction of legislation in the House of Representatives that sets forward a path for a new Miscellaneous Tariff Bill (MTB).

"RILA applauds the introduction of the American Manufacturing Competitiveness Act of 2016, which sets forth a process to reduce or eliminate duties on certain imports into the United States," Hun Quach, Vice President for International Trade, said in a statement.

"The miscellaneous tariff bill (MTB) will enhance the competitiveness of American businesses. We commend Representatives Brady, Levin, Reichert, and Rangel for helping American businesses and consumers to spur economic growth and support more American jobs. We urge the House of Representatives to approve the legislation as quickly as possible."

The American Manufacturing Competitiveness Act of 2016, introduced by Representatives Brady, Levin, Reichert, and Rangel, would set forth a process to eliminate trade distorting tariffs in the US tariff code on imports critical to American businesses. The MTB would help enhance global competitiveness of those businesses by cutting production costs in the US, without harming other US producers. The last MTB passed by Congress expired on December 31, 2012.

RILA is the trade association of the world's largest and most innovative retail companies. RILA members include more than 200 retailers, product manufacturers, and service suppliers. (SH)

Fibre2Fashion News Desk – India

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