Home / Knowledge / News / Textiles / USIFI formally endorses TPP
USIFI formally endorses TPP
22
Jun '16
The United States Industrial Fabrics Institute (USIFI), a division of the Industrial Fabrics Association International (IFAI), has announced its formal support for the Trans-Pacific Partnership (TPP) free trade agreement.

The TPP which was signed in February by the US and 11 other countries awaits congressional approval.

The USIFI decided to endorse the TPP after an in-depth review of the final text. It determined that its key objectives were met under the terms of the agreement which includes securing a strong yarn-forward rule of origin for the vast majority of textile and apparel products, and reasonable, multi-year tariff phase-outs for sensitive industrial textile products.

The USIFI also determined that the TPP would preserve the Berry and Kissell Amendments, US government procurement laws mandating domestic preferences for national security purposes.

It also believes that the trade pact will secure provisions that allow for effective customs enforcement cooperation among the TPP parties and other standard textile chapter terms included in US free trade agreements.

"The US textile industry can compete globally under trade rules that are reasonable and fair. We extend our thanks to USTR Ambassador Michael Froman and the US textile negotiating team for their strong consideration of our input and analysis regarding provisions important to US industrial textile manufacturers," said Ted Anderson, USIFI Board Chairman and CEO of BondCote Corporation.

"While every agreement includes tradeoffs, we recognize that the overall outcome on TPP is balanced and reflects core textile industry objectives. As a result, based on the text as drafted and agreed to by the TPP nations, we endorse this agreement," Anderson added.

The USIFI is a coalition of domestic US fibre, fabric and end-product manufacturers which serves member company interests in both domestic and international affairs. USIFI is a division of the Industrial Fabrics Association International (IFAI), which represents more than 1,500 members in the specialty textile industry worldwide. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Mohammad Hassan
Biax Fiberfilm

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Ritu Kumar
Label Ritu Kumar

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

Sonam & Paras Modi
SVA

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search