Home / Knowledge / News / Textiles / NCC supports extension Andean Trade Preferences Act
NCC supports extension Andean Trade Preferences Act
12
Dec '09
The National Cotton Council is urging support for legislation that would extend the Generalized System of Preferences and provide a one-year extension of the Andean Trade Preferences Act (ATPA).

The bill (HR4284) is scheduled to be presented to the House of Representatives on Monday, December 14 under suspension of the rules.

In a communication to Congressional offices, the NCC said, “It is vitally important that the ATPA be extended before it expires on December 31. Past experience shows that letting these programs lapse with the aim of renewing them retroactively is fraught with serious problems, not the least of which is harm to U.S. employment as well as key U.S. trade and foreign policy goals.”

The NCC, which noted that ATPA has enjoyed bipartisan support since 1992, emphasized that almost 2 million jobs in the United States and the region depend on ATPA preferences and the region has emerged as an important market for U.S. cotton and cotton product exports. Imports of apparel products from the Andean region that enter the United States duty-free under the program utilize U.S. grown and manufactured cotton, yarns, and fabrics. In 2008 U.S. raw cotton exports to the region totaled approximately $150 million and U.S. yarn and fabric exports to the region totaled $160 million.

“However, faced with the uncertainty of continued trade benefits,” the NCC stated, “some apparel production has recently shifted out of the Andean countries, depriving the region of much-needed jobs and U.S. cotton growers and U.S. textile manufacturers and their employees of valued customers for their products.

“Extension of the Andean program is critical to ensure this region regains its footing and will provide an important bridge until a free trade agreement with Peru can be fully utilized and a similar agreement with Colombia can be considered, approved, and implemented.”

National Cotton Council of America


Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Eamonn Tighe
Nature Works LLC

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Lynda Kelly
Suominen Corporation

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Mike Hoffman
Gildan Activewear SRL

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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:
July 2017

July 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