Home / Knowledge / News / Textiles / Textile experts oppose FTA with Korea
Textile experts oppose FTA with Korea
21
Nov '08
Three Free Trade Agreement's (FTAs) approved months ago have still not been ratified and approved by the US Congress. These FTAs with Panama, Colombia and South Korea had met with opposition from major association bodies, though it is supported by importers.

The FTA with South Korea has met with major opposition as textile experts argue that an FTA with South Korea will not bring value to US textile manufacturers, since that country already has a vibrant textile and apparel industry.

While on the other hand, they aver, with the implementation of the agreement, a surge in cheap textile and apparel products in to the US can be expected without any inherent benefit to domestic manufacturers.

The National Council of Textile Organizations (NCTO, the main textile lobbyist on Capitol Hill is not opposed to the impeding FTAs with Panama and Colombia. They say that there will be too little textile trade with Panama; while Colombia can present very good opportunities to US yarn and fabric manufacturers.

Fibre2fashion News Desk - India


Must ReadView All

Pic courtesy: Sutlej Textiles & Industries Ltd

Textiles | On 21st Jul 2017

Sutlej Textiles’ Q1 FY18 EBITDA expands to Rs 76.28 cr

Sutlej Textiles and Industries Ltd (STIL), one of India’s largest...

Textiles | On 21st Jul 2017

No shortage of cotton & yarn in country: Minister

There is no shortage of cotton and yarn in the country, and the...

Textiles | On 21st Jul 2017

CAI revises 2016-17 cotton crop to 337.25 lakh bales

Cotton Association of India (CAI) has upwardly revised cotton crop...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Mohammad Hassan
Biax Fiberfilm

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

Eric Scholler
Groz-Beckert

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Robert Brunner
Devereux

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Tony Ward
Tony Ward

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

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

July 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

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X