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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

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