Home / Knowledge / News / Textiles / America's NCTO endorses TPP
America's NCTO endorses TPP
23
Jan '16
America's National Council of Textile Organizations (NCTO) has voted to formally support the Trans-Pacific Partnership (TPP) free trade agreement.

In an article on its website, the NCTO said the decision to support TPP came after an exhaustive analysis determined that its principle objectives were met as part of the finalized terms of the agreement.

The objectives include a strong yarn forward rule of origin for the vast majority of textile and apparel products, reasonable, multi-year tariff phase-outs for sensitive textile and apparel products and terms that provided for the stability of the Western Hemisphere textile and apparel production chain.

“Due to the inclusion of Vietnam and other major textile and apparel exporting countries, the TPP agreement is the most significant trade policy initiative to confront the US textile sector over the past 25 years,” said Jeff Price, NCTO Chairman and President of the Specialty Fabrics Division at Milliken and Company. “As such, it was critical for our government to produce a final agreement that appropriately reflected the needs of US textile manufacturers and the hundreds of thousands of workers we employ nationwide. We believe that the agreement concluded late last year in Atlanta meets our core objectives and is worthy of our full support.”

“With legislative review and action expected in 2016, NCTO looks forward to working with congressional leadership, the committees of jurisdiction, our supporters on Capitol Hill, and the Obama Administration on a path forward for TPP,” he added.

The US textile and apparel industry is a significant contributor to the country's economy, producing over $70 billion in annual output and employing nearly 500,000 workers nationwide. In addition, the US textile and apparel sector exported more than $24 billion in goods in 2014.

Headquartered in Washington, D.C., the NCTO is the national trade association representing the entire spectrum of the textile sector in the US. (SH)

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 28th Apr 2017

Fix 5% GST rate for textile goods: Textile bodies

Uniform levy of 5 per cent Goods and Services Tax (GST) on all...

Textiles | On 28th Apr 2017

India lifts CVD imposed on Nepali Jute goods

The countervailing duty (CVD) that was imposed on Nepali jute...

Courtesy: Williamsburg Garment Company

Fashion | On 28th Apr 2017

'We have grown by staying small & maximising efforts'

The easiest way to go out of business is to be too big or expand too...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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



X