Interviews
US fashion industry optimistic despite uncertainties
23 Jun '16
4 min read
Free trade agreements (FTAs) and trade preference programs remain underutilised in 2016 and several FTAs, including NAFTA and CAFTA-DR, are utilized even less than in previous years. US fashion companies also call for further removal of trade barriers, including restrictive rules of origin and remaining high tariffs.
“Of the 19 FTAs/preference programmes we examined this year, none are used by more than 60 per cent of respondents for import purposes, and only three are used by more than 40 per cent,” the study said.
The survey was conducted between March 2016 and April 2016. In terms of business size, 92 per cent of respondents report having more than 500 employees in their companies, while 84 per cent of respondents report having more than 1,000 employees, suggesting that the findings well reflect the views of the most influential players in the US fashion industry. (SH)
Fibre2Fashion News Desk – India
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