Home / Knowledge / News / Textiles / Senators create new tools to combat textile trade fraud
Senators create new tools to combat textile trade fraud
13
Oct '11
U.S. Senators Kay R. Hagan (D-NC) and Lindsey Graham (R-SC) reintroduced their bipartisan bill to crack down on fraud and illegal trade practices that damage the American textiles industry. The Textile Enforcement and Security Act (TESA) will beef up enforcement and oversight on the trade of textiles and apparels. Textiles and apparels, which have both suffered from increases in illegal trafficking and duty evasion, have the highest fraud ranking of any industrial products in the United States.

"With North Carolina's unemployment rate at an unacceptably high 10.4 percent, I refuse to allow one of my state's biggest industries to be handicapped by an inability to enforce proper trade rules," said Hagan, co-chair of the Senate Textile Caucus. "Thousands of North Carolinians are employed by the textiles sector, and they produce some of the best products in the world. This bipartisan bill ensures our country has the resources needed to fight the fraud that undermines North Carolina textile mills. I look forward to working with Senator Graham and all of my colleagues to pass this pro-jobs bill as soon as possible."

"I'm proud to join Senator Hagan on a new and improved Textile Enforcement and Security Act," said Graham. "This common sense bill will add significant protection for textile workers by strengthening existing customs enforcement mechanisms and creating new tools to combat fraud. We owe it to the hard working men and women of the textile industry to protect their product against those who seek to take advantage of lax enforcement. This bill does exactly that, and I look forward to seeing its provisions become law."

The U.S. textile industry is the world's third largest textile exporter, and it relies on proper customs enforcement to protect American businesses and jobs. Close to three quarters of the industry's $19 billion in exports last year went to countries where the U.S. has a trade agreement in place. But the industry has seen a sharp increase in illegal trafficking as well as duty evasion in many of these countries through undervaluation, mislabeling and the use of phony companies posing as U.S. companies. It is estimated that up to $1 billion in revenue is lost each year due to this type of customs fraud.

Specifically, the Textile Enforcement and Security Act will:
• Establish an electronic verification program that tracks yarn and fabric imports in countries operating under free trade agreements;
• Increase the number of textile and apparel verification specialists at the 15 largest U.S. ports that process textile and apparel imports;
• Increase textile staff at the Customs and Border Protection Agency headquarters and retarget them toward trade preference verifications. Headquarters staff has been significantly reduced over the last five years.
• Require the publication of a list of fraudulent actors in this field.
• Creates a centralized database for new importers and allows the Customs and Border Protection Agency to adjust bond requirements for high risk importers of textile and apparel goods.

Senate


Must ReadView All

Union Minister for finance Arun Jaitley chairing the 25th GST Council meeting, flanked by minister of state for finance Shiv Pratap Shukla (right) and finance secretary Dr Hasmukh Adhia. Courtesy: PIB

Textiles | On 20th Jan 2018

GST rate on velvet fabric reduced to 5%

The 25th Goods and Services Tax (GST) Council meeting, held under the ...

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

Textiles | On 20th Jan 2018

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

The revenue from the petrochemicals segment at Reliance Industries...

Courtesy: Cotton USA

Textiles | On 20th Jan 2018

US cotton bodies pledge to support CCI activities

Ten US cotton organisations have pledged industry contributions in...

Interviews View All

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Amrit Sethia
SOIE

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

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Robert Brunner
Devereux

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

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

January 2018

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
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

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
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

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
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

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
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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