Home / Knowledge / News / Textiles / AAFA urges Obama to secure economic relationship with Honduras
AAFA urges Obama to secure economic relationship with Honduras
11
Jul '09
American Apparel & Footwear Association joined six other trade groups in a joint letter (given below) to President Barack Obama regarding the current political situation in Honduras, a US/CAFTA-DR partner.

“We recognize and appreciate that the U.S. Government is taking a leadership role in resolving the political situation in Honduras. During this time, we would like to emphasize the importance of Honduran economic stability to key sectors of the U.S. economy, and to the long-term political stability in that country and the region.

Honduras is a valued U.S./Central America-Dominican Republic Free Trade Agreement (CAFTA-DR) partner that is important to U.S. business. Last year, U.S. exports to Honduras totaled nearly $5 billion, with significant and growing sales by a wide range of U.S. industries. Honduras holds particular importance for the U.S. textile and apparel supply chain, and is considered the linchpin to the Western Hemisphere supply chain for this sector.

Honduras is the third largest market for U.S. textile mill products (U.S. exports were $1.4 billion in 2008), the fourth largest supplier of apparel to the U.S. market, and the largest CAFTA-DR supplier to the United States. As a result, thousands of U.S. and Honduran jobs are dependent on the uninterrupted flow of goods to and from Honduras, and within the region.

Predictability and stability are absolutely critical to U.S. companies, especially in these difficult economic times. Key to that predictability is that the United States maintain a secure bilateral and regional economic relationship with Honduras. As your administration addresses the political situation in Honduras, we urge you to do everything possible to maintain the close commercial ties and economic engagement between the United States and Honduras.”

Six Trade Groups:
• Emergency Committee for American Trade (ECAT)
• National Council of Textile Organizations (NCTO)
• National Retail Federation (NRF)
• Retail Industry Leaders Association (RILA)
• U.S. Association of Importers of Textiles and Apparel (USA-ITA)
• U.S. Chamber of Commerce

American Apparel & Footwear Association


Must ReadView All

Courtesy: ITMA 2015

Textiles | On 21st Jun 2018

Italy to host textile machinery fair ITMA in 2023

ITMA, the trendsetting textile and garment technology platform, will...

Courtesy: Connor Group

Textiles | On 21st Jun 2018

Protectionism top threat to textile sourcing: William Connor

Protectionism is the biggest political factor and threat affecting...

NRF urges US Congress to step in, stop trade war

Apparel/Garments | On 21st Jun 2018

NRF urges US Congress to step in, stop trade war

The National Retail Federation (NRF) recently urged the US Congress...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Silke Brand-Kirsch
Schlegel und Partner

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Johan Berlin
InvestKonsult Sweden AB

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

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Karan Arora
Karan Arora

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

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth 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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search