Home / Knowledge / News / Textiles / Apparel trade under Korea-US FTA being reviewed
Apparel trade under Korea-US FTA being reviewed
06
Feb '16
The International Trade Administration will accept till March 7, comments on the information collections associated with the interim textile and apparel short supply and safeguard procedures under the US-Korea Free Trade Agreement, Sandler & Travis Trade Advisory Services Inc. (STTAS), the world's largest customs and international trade services provider, has said.

The FTA provides for the establishment of a list of specific fibers, yarns and fabrics that are not available in commercial quantities in a timely manner from producers in the US or Korea. Textile and apparel articles containing these inputs are entitled to duty-free or preferential duty treatment despite not being produced in the US or Korea.

Interested entities from Korea or the US have the right to request that a specific fibre, yarn or fabric be added to, or removed from, the list of commercially unavailable fabrics, yarns and fibres.

The Committee for the Implementation of Textile Agreement (CITA) collects information about fiber, yarn or fabric technical specifications and the production capabilities of US textile producers to determine whether certain fibres, yarns or fabrics are available in commercial quantities in a timely manner, STTAS said.

The textile and apparel safeguard mechanism applies when, as a result of the reduction or elimination of a customs duty under the FTA, a Korean textile or apparel article is being imported into the US in such increased quantities and under such conditions as to cause serious damage or actual threat thereof to a US industry producing a like or directly competitive article. In these circumstances, the US may suspend any further reduction in the rate of duty imposed on the article, or increase duties on the imported article from Korea to a level that does not exceed the lesser of the prevailing US normal trade relations/most-favored-nation duty rate for the article or the US NTR/MFN duty rate in effect on the day before the FTA entered into force.

CITA collects information to determine whether a domestic textile or apparel industry is being adversely impacted by imports of textile or apparel products from Korea, thereby allowing it to take corrective action. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Luis Quijano

Textiles | On 17th Jul 2018

US varsity student cultivates bacterial cellulose in lab

Luis Quijano, a student at the Liberty University in Lynchburg,...

APTMA decries duties on cotton imports in Pakistan

Textiles | On 17th Jul 2018

APTMA decries duties on cotton imports in Pakistan

The All Pakistan Textile Mills Association has termed the...

India world's 6th-largest economy, beats France

Textiles | On 17th Jul 2018

India world's 6th-largest economy, beats France

India, with a gross domestic product (GDP) of $2.597 trillion last...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Yash P. Kotak
Bombay Hemp Company

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

Prathyusha Garimella
Prathyusha Garimella

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

Ritu Kumar
Label Ritu Kumar

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

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

Leave your Comments


July 2018

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

news category


Related Categories:

Advanced Search