Home / Knowledge / News / Association / AAFA urges Obama to secure economic relationship with Honduras

AAFA urges Obama to secure economic relationship with Honduras

11
Jul '09
American Apparel & Footwear Association joined six other trade groups in a joint letter (given below) to President Barack Obama regarding the current political situation in Honduras, a US/CAFTA-DR partner.

“We recognize and appreciate that the U.S. Government is taking a leadership role in resolving the political situation in Honduras. During this time, we would like to emphasize the importance of Honduran economic stability to key sectors of the U.S. economy, and to the long-term political stability in that country and the region.

Honduras is a valued U.S./Central America-Dominican Republic Free Trade Agreement (CAFTA-DR) partner that is important to U.S. business. Last year, U.S. exports to Honduras totaled nearly $5 billion, with significant and growing sales by a wide range of U.S. industries. Honduras holds particular importance for the U.S. textile and apparel supply chain, and is considered the linchpin to the Western Hemisphere supply chain for this sector.

Honduras is the third largest market for U.S. textile mill products (U.S. exports were $1.4 billion in 2008), the fourth largest supplier of apparel to the U.S. market, and the largest CAFTA-DR supplier to the United States. As a result, thousands of U.S. and Honduran jobs are dependent on the uninterrupted flow of goods to and from Honduras, and within the region.

Predictability and stability are absolutely critical to U.S. companies, especially in these difficult economic times. Key to that predictability is that the United States maintain a secure bilateral and regional economic relationship with Honduras. As your administration addresses the political situation in Honduras, we urge you to do everything possible to maintain the close commercial ties and economic engagement between the United States and Honduras.”

Six Trade Groups:
• Emergency Committee for American Trade (ECAT)
• National Council of Textile Organizations (NCTO)
• National Retail Federation (NRF)
• Retail Industry Leaders Association (RILA)
• U.S. Association of Importers of Textiles and Apparel (USA-ITA)
• U.S. Chamber of Commerce

American Apparel & Footwear Association


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 19th Sep 2020

US firms in some sectors moving out of PRC: Goldman Sachs

Goldman Sachs has said US firms in only specific industries are...

Pic: Shutterstock

Apparel/Garments | On 19th Sep 2020

Sri Lanka's textile & garment exports down 25% in Jan-July

Sri Lanka’s earnings from textiles and garments exports decreased by...

Pic: Avery Dennison Fastener Solution

Apparel/Garments | On 19th Sep 2020

Avery Dennison’s new tag fastener degrades in soil

Avery Dennison Corporation Fastener Solutions has unveiled a tag...

Interviews View All

Amardeep Singh, Orient Craft

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Cyril Pereira, Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Arvind Saraf, Triveni Sarees

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Pratik Agarwal,

Pratik Agarwal

Breya is a brand of Indo-Western clothes for women owned by ABP Apparels...

Karan Behal,

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Marcel Moser,

Marcel Moser

Switzerland-based Benninger is a leading manufacturer of technologically...

Johan Berlin, InvestKonsult Sweden AB

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Giulio Cesareo, Directa Plus SpA

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

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


September 2020

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


Advanced Search