Home / Knowledge / News / Textiles / Bipartisan legislation to address new trade deals of US
Bipartisan legislation to address new trade deals of US
03
Aug '12
The House passed a package of bipartisan trade legislation that: (1) extends the African Growth Opportunity Act (AGOA) third-country fabric provisions through 2015 and adds South Sudan as an eligible beneficiary country under AGOA; (2) implements non-controversial technical corrections and modifications to the Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR); and (3) renews Presidential authority to apply import sanctions against Burma.

Chairman Camp said:  “This important legislation will strengthen U.S. global competitiveness and trade leadership.  Today’s vote to extend certain AGOA provisions and add South Sudan as an eligible beneficiary demonstrates the bipartisan dedication of this Congress to sub-Saharan Africa and reaffirms the success of the AGOA program.  The technical corrections to CAFTA-DR encourage deeper integration within the region, promote U.S. exports, and support U.S. jobs.  These two provisions will strengthen our ties with U.S. trading partners in Africa and the Western Hemisphere and support U.S. jobs and the U.S. economy. 

“Today’s legislation also extends the President’s authority to maintain the import ban on Burmese products for three years and authorizes the actual imposition of import sanctions for one year.  I recognize the encouraging developments in Burma over the past months.  Nevertheless, in 2003, Congress set out specific goals and benchmarks in the Burmese Freedom and Democracy Act, and I encourage the Burmese government to continue to address the concerns that led to the passage of the law.  I also urge the Burmese government to vigorously pursue further reforms, economic growth, and peaceful, inclusive governance that benefit all the Burmese people.”

Trade Subcommittee Chairman Brady said:  “The strong bipartisan vote on H.R. 5986 re-affirms our strong trade and investment ties with sub-Saharan Africa and ensures a better-integrated textile supply chain in the Americas.  These actions will support well-paying U.S. jobs.  The legislation also reauthorizes the import ban on Burmese products.  While I believe the Burmese government has taken sizeable steps forward in recent months, the political and economic reforms taken must continue and intensify to ensure that all citizens of Burma may be free, have a fully democratically-elected government, and enjoy the fruits of broad-based economic growth.”

The House


Must ReadView All

Textiles | On 20th Sep 2017

India needs to double cotton farmers’ income: top official

India needs to double the income of cotton farmers and non-farmers...

Textiles | On 20th Sep 2017

Pakistan seeks more JVs with China: textile minister

The Pakistani Government wants to forge more joint ventures (JVs)...

Apparel/Garments | On 20th Sep 2017

Egypt’s garment exports touch $941 million in 8 months

Egypt's garment exports touched $941 million in the first eight...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

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

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Igor Chapurin
Chapurin

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

Madhu Jain
Madhu Jain

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

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

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