Home / Knowledge / News / Textiles / NCTO hails Bipartisan Committee Vote on China Currency Bill
NCTO hails Bipartisan Committee Vote on China Currency Bill
Sep '10
The National Council of Textile Organizations (NCTO) hailed the passage of strong Chinese currency legislation by the House Ways and Means Committee as an essential step towards bringing textile and manufacturing jobs back to the United States.

NCTO President Cass Johnson stated, “Today, a bi-partisan Ways and Means Committee took the first step towards bringing textile and manufacturing jobs back to the United States and re-energizing our national recovery. We urge every member of Congress to vote for jobs in their districts by supporting H.R. 2378, the Currency Reform for Fair Trade Act, when it comes to a vote next week in the House.”

Johnson continued, “For the first time in a decade, U.S. textile mills are adding jobs and re-opening plants. If China were to allow its currency to rise to market levels, we believe the textile industry in the United States would add thousands of additional new jobs and build or re-open dozens of plants. This legislation is an essential step forward to revitalizing the U.S. textle industry and the US manufacturing base.”

“This legislation sends a clear message to China that it must abandon its “beggar thy neighbor” currency practices. If China fails to rebalance its currency, this legislation provides U.S. manufacturers and U.S. workers the necessary tools to defend themselves against China's predatory practices.”

Johnson concluded, “We have seen the cost of China's exploitative policies in shuttered plants and devastated communities across the textile belt of the southeast and the remainder of the country. We have seen our trade deficit explode as the Chinese government takes more and more jobs and orders away from hard working Americans. Our military readiness has also become threatened as our manufacturing base has been hollowed out. This legislation redirects our country and our industry back on the road to prosperity. We urge all members of the House to vote for the Currency Reform for Fair Trade Act.”

National Council of Textile Organizations (NCTO)

Must ReadView All

Textiles | On 30th May 2017

CAI estimates 2016-17 cotton crop at 340.5 lakh bales

Cotton Association of India (CAI) has retained its earlier estimate...

Courtesy: World Bank/Claude Renault

Textiles | On 30th May 2017

India’s economic fundamentals remain strong: World Bank

India remains the fastest growing economy in the world – economic...

Courtesy: Dollar Industries

Apparel/Garments | On 30th May 2017

Dollar Industries registers Rs 906 cr turnover in FY17

Hosiery major Dollar Industries Limited registered a turnover of Rs...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Tony Ward
Tony Ward

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

Igor Chapurin

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

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


Browse Our Archives


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