Home / Knowledge / News / Textiles / US proposes buying of scarce textiles outside TPP-bloc
US proposes buying of scarce textiles outside TPP-bloc
23
Jan '13
The United States Government has put forward a proposal that allows procurement of scarce yarn, textiles and apparels from countries that are not signatories to the planned Trans-Pacific Partnership (TPP) trade agreement.
 
Addressing the 24th annual Textile and Apparel Importer Trade and Transportation Conference organized by the United States Association of Importers of Textiles and Apparel (USA-ITA) in New York, US Department of Commerce’s deputy assistant secretary for textiles and apparels, Kim Glas, said the US Government has suggested creation of a list of yarn and fabrics that cannot be manufactured or sourced from any of the TPP member countries.
 
The Government has proposed that those products that are in ‘short supply’ be allowed to be freely imported from non-TPP countries, while enjoying TPP duty privileges, Ms. Glas said.
 
The US Government has proposed that there be one ‘permanent short supply list’, which include certain types of tweeds that can be sourced exclusively from the UK, and another ‘temporary short supply list’, valid for three years, that will have products that are not currently available in the TPP countries but can be produced in those countries in future.
 
Ms. Glas said the proposal is aimed at appeasing concerns of US apparel importers regarding the restrictive ‘yarn forward’ principle mentioned in the draft TPP agreement.
 
Under the ‘yarn forward’ concept, all the products used in the making of a garment, beginning from yarn and extending to fabric and sewing thread, must have been produced in the TPP member countries to be eligible for duty privileges.
 
The ‘yarn forward’ principle ensures that countries outside the TPP-bloc do not benefit from the agreement.
 
Ms. Glas said the ‘short supply’ list is expected to be completed by mid-2013 and TPP negotiations are likely to conclude by 2013-end.
 
Besides the US, Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam are currently negotiating the TPP agreement, and the 16th round of negotiations are scheduled for March this year in Singapore.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 24th May 2016

Govt withdraws Bt cotton notification

The Union government has withdrawn the notification on guidelines for ...

Textiles | On 24th May 2016

Pak textile bodies seek tax exemptions in Budget

Ahead of the Budget next month, the All Pakistan Textile Mills...

Courtesy: Ecommerce Forum

Apparel/Garments | On 24th May 2016

Italian e-commerce to generate over 19 bn euros in 2016

E-commerce in Italy is expected to grow 17 per cent in 2016 to...

Interviews View All

Rajiv Sirohi
Shara

What kind of fabric is in demand in export markets of home textiles? What...

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

How was your experience of a collaborative stall at ITMA 2015? Please...

Evelyne Cholet
UCMTF

Which regions are the largest importers of French textile machines? What...

Urs Stalder
Sanitized AG

<b><i>Urs Stalder, CEO, Sanitized AG, talks about the increasing use of...

Ashok Desai
Bombay Textile Research Association

<b><i>Bombay Textile Research Association (BTRA) is a leading name in...

Giorgio Mantovani
Corman S.p.A

<b><i>Giorgio Mantovani, MD of Corman, with a presence in both Milano and...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Yash P. Kotak
Bombay Hemp Company

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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
May 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search