Home / Knowledge / News / Association / AMTAC supports congressional call for new direction for trade policy

AMTAC supports congressional call for new direction for trade policy

Mar '07
At a press conference held in the U.S. Capitol, the American Manufacturing Trade Action Coalition (AMTAC) joined U.S. Senators Sherrod Brown (D-OH), Byron Dorgan (D-ND), and Representatives Mike Michaud (D-ME), Walter B. Jones (R-NC), and Linda Sanchez (D-CA) among others in calling for a new direction in trade policy.

With a record U.S. trade deficit of $763 billion in 2006, the loss of three million U.S. manufacturing jobs since 2001, Trade Promotion Authority (TPA) set to expire this summer, and U.S.-South Korea free trade agreement negotiations entering their final stages, trade policy has become a topic for increased debate in Congress.

“The U.S. government must use its control of access to the U.S. market as leverage to level the playing field for U.S. industry. A comprehensive approach, including remedying the disadvantage to U.S. producers caused by foreign value-added-taxes, is needed to reduce the trade deficit and to restore American competitiveness in sectors of the economy subject to import competition like manufacturing,” said AMTAC Director of Membership and Media Outreach Lloyd Wood.

Besides focusing on important issues like defeating TPA to restore congressional accountability to trade policy and combating foreign currency manipulation and/or misalignment, it is AMTAC's view that the U.S. government and Congress urgently must address the crippling disadvantage to U.S. producers caused by foreign value-added taxes (VAT) taxes.

Must ReadView All

Pic: Shutterstock

Textiles | On 6th Mar 2021

USTR releases 2021 President’s Trade Agenda, 2020 Annual Report

The Office of the United States Trade Representative recently...

Pic: Jilsander

Fashion | On 6th Mar 2021

Italy's OTB acquires Jil Sander brand from Onward Holdings

Japan's Onward Holdings has announced selling its loss-making Jil...

Pic: Shutterstock

Apparel/Garments | On 6th Mar 2021

Garment industry coalition calls for democracy restoration in Myanmar

A coalition of nine EU and US initiatives linked to the garment,...

Interviews View All

Karel Williams, Dow Microbial Control

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Sunil Rathore, Lacoste India

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Dinaz Madhukar, DLF Emporio and DLF Promenade

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Atul Mittal,

Atul Mittal

Established in 1997, Pratibha Syntex produces over 60 million pieces of...

Umang Banthia,

Umang Banthia

Established in 2005, SL Banthia Textiles manufactures coated fabrics....

Ramez Basmaji,

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Ayyappa Nagubandi, Broadcast Wearables Pvt Ltd

Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd

Hyderabad-based Broadcast Wearables has come up with the country's first...

Daniel Kaye, RocketLife

Daniel Kaye

<div>RocketLife, an award-winning developer of breakthrough visual...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

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

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

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


Leave your Comments

March 2021

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

Advanced Search