Home / Knowledge / News / Apparel/Garments / Andean Trade Preference Act still needed ASAP - AAFA

Andean Trade Preference Act still needed ASAP - AAFA

05
Dec '07
The U.S. Senate passed the U.S./ Peru Trade Promotion Agreement (TPA) (HR 3688), 77 – 18, previously negotiated by the Bush Administration, and approved by the U.S. House of Representatives in November. The American Apparel & Footwear Association (AAFA) applauded this victory and urged President Bush to sign and implement the final legislation quickly.

In advance of today's vote, AAFA had submitted a key vote letter to all Senators urging them to vote 'Yes'.

“AAFA is pleased the U.S./ Peru TPA has cleared Congress,” praised Kevin M. Burke, President and CEO, AAFA. “But, as it stands, there will be a risky gap in benefits between when the Andean Trade Preference Act (ATPA) expires and when the new U.S./ Peru TPA is implemented.” The current ATPA legislation expires February 29, 2008.

The APTA is a key trade initiative that allows Peru and other Andean nations duty-free access to the U.S. market when U.S. textile inputs are used in the final product. The Andean region has become an important market for U.S. cotton farmers, yarn spinners and fabric mills. For this reason, an unprecedented coalition of representatives from the entire U.S. textile and apparel supply chain – from cotton to consumer – previously wrote a joint-letter to Congress and the Bush Administration outlining the urgent need for a predictable relationship with the Andean region through an immediate renewal of the Andean Trade Preference Act.

“There will be a rudeshock on March 1, 2008, if trade benefits are interrupted because Congress failed to pass an Andean renewal to bridge this gap,” continued Burke. “We ultimately need permanent, comprehensive free trade agreements with countries in the region, like Peru, Panama and Colombia, to avoid this uncertainty.”

American Apparel & Footwear Association


Must ReadView All

Pic: Shutterstock

Textiles | On 12th Apr 2021

Singapore becomes first RCEP participating country to ratify agreement

Singapore has ratified the Regional Comprehensive Economic...

Pic: Shutterstock

Textiles | On 12th Apr 2021

World economy stumbling towards two-track recovery: Report

The world economy is facing sharply divergent growth prospects across ...

Pic: Shutterstock

Textiles | On 12th Apr 2021

India-UAE-Israel trilateral trade could reach $110 bn by 2030

Tapping into the mutual strengths of India, Israel and the United...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Virtual reality would be the new normal

Textile Industry, Head honchos

Textile Industry
Head honchos

Fashion tech has to be lean and very productive

Textile Industry, Head honchos

Textile Industry
Head honchos

Strike a balance between handmade in India and 'Make in India'

Bharat Ahuja,

Bharat Ahuja

A mono store brand, <b>Bharat Ahuja's</b> Desire Design Studio has emerged ...

Shambhu Nath Jha,

Shambhu Nath Jha

Leading research and consulting firm Fact.MR recently launched a report on ...

Seema Mishra,

Seema Mishra

Set up in January 2020 by <b>Seema Mishra</b>, the Kasrawad Art Cluster...

Daniel Odermatt, Ventile

Daniel Odermatt
Ventile

Ventile is a registered trademark used to brand a special high-quality...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

Ruma Devi is a jet-setting promoter of artisans who has empowered...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

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


April 2021

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


Advanced Search