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

Apparel/Garments | On 23rd Mar 2017

European & Asian apparel brands open EBO's in South Korea

Following the success of Japanese brand Uniqlo in the South Korean...

Apparel/Garments | On 23rd Mar 2017

Destination XL reports turnaround in Q4FY17 net income

For the three months ended January 28, 2017, omni channel retailer of ...

Apparel/Garments | On 22nd Mar 2017

Amazon India introduces 'A-Z GST Guide' programme

Amazon India has introduced a programme called 'A-Z GST Guide' to...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Amrit Sethia
SOIE

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

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Eric Scholler
Groz-Beckert

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mohammad Hassan
Biax Fiberfilm

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Jay Ramrakhiani
Occasions Elegance Wear

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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:
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search