Home / Knowledge / News / Textiles / ATPA gets 10 month extension from House of Representatives
ATPA gets 10 month extension from House of Representatives
28
Feb '08
Today, the U.S. House of Representatives passed a 10 month extension of the Andean Trade Preference Act (ATPA) by a voice vote.

The U.S. Senate must now approve the companion bill before the ATPA expires in less than 55 hours, on February 29, to avoid any lapse in trade benefits.

The American Apparel & Footwear Association (AAFA) sent key vote letters of support for ATPA to all members of Congress.

“It is good that the House has acted just in time, but the Senate still needs to follow-suit and pass this extension - the clock is running out,” said Kevin M. Burke, president and CEO, AAFA.

“The current uncertainty created by the imminent threat of expiration of the ATPA program contributes to the overall unease of the national economy.”

A win-win trade preference agreement, the ATPA stabilizes manufacturing and wholesale employment in all countries involved, while creating import opportunities that deliver a wider variety of goods at more affordable prices for all consumers.

About $250 million worth of U.S. cotton and textiles were exported to the four Andean countries of Bolivia, Colombia, Ecuador and Peru last year.

The finished products - made with these U.S. yarns, fabrics, fibers, cotton and other textile inputs - are then brought back to the U.S. duty-free under the ATPA.

The U.S. cotton, textile and apparel industries are rallying for prompt renewal of the ATPA, as well as for full implementation of the recently approved U.S./ Peru Trade Promotion Agreement (TPA) and speedy approval pending U.S./ Colombia TPA.

Must ReadView All

Textiles minister Smriti Irani at a press conference with minister of state for textiles, Ajay Tamta, the principal director general (M&C), PIB, AP Frank Noronha and other dignitaries. Courtesy: PIB

Apparel/Garments | On 23rd May 2017

Special package for knitwear coming soon: Irani

Union textiles minister Smriti Irani said that the government of...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Eamonn Tighe
Nature Works LLC

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Igor Chapurin
Chapurin

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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