Home / Knowledge / News / Apparel/Garments / US textile and apparel imports under CBERA rise in 2014
US textile and apparel imports under CBERA rise in 2014
01
Oct '15
Textile and apparel imports under the Caribbean Basin Economic Recovery Act (CBERA) and under the HOPE and HELP Acts increased last year, according to the 22nd report titled 'Caribbean Basin Economic Recovery Act: Impact on US Industries and Consumers and on Beneficiary Countries', released by the United States International Trade Commission (USITC).

The value of US imports of textiles and apparel entering under CBERA trade preferences rose 12.7 per cent over the 2013 level to $389.8 million in 2014. Haiti was the leading CBERA supplier of US textile and apparel imports in 2014, accounting for over 90 per cent of such imports, the report said.

From 2013 to 2014, US imports of textiles and apparel from Haiti rose 10 per cent to $843.2 million, with virtually all US imports of apparel from Haiti entering free of duty under trade preference programmes.

In 2014, US imports of apparel from Haiti under the HOPE/HELP Acts surpassed those under CBERA and accounted for over half of total US apparel imports that entered free of duty into the United States.

“In 2014, the continued growth of U.S. imports of apparel from Haiti and the establishment of new apparel manufacturing facilities there is attributed in large part to the trade preference programme established by the HOPE/HELP Acts,” the report said.

However, the overall effect of CBERA exclusive imports on the US economy generally and on US industries and consumers continued to be negligible in 2014. On the other hand, US industries supplying garment pieces, yarn, and fabric to CBERA apparel producers benefit from enhancements to CBERA, such as the Caribbean Basin Trade Partnership Act.

“Moreover, investment in CBERA countries increasingly targets export-oriented services, such as tourism, finance, and telecommunications, rather than the manufacturing of CBERA-eligible export goods,” states the report.

“Investment rose significantly in Haiti's export-oriented apparel sector, but Haiti is—and will likely remain—a small US apparel supplier compared to globally competitive producers in Central America and Asia,” the report said. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Mohammad Hassan
Biax Fiberfilm

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eric Scholler
Groz-Beckert

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

Ritu Kumar
Label Ritu Kumar

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search