The National Council of Textile Organisations (NCTO) board of directors recently voted to endorse the US-Mexico-Canada Agreement (USMCA). “The new deal is better than NAFTA for the US textile industry in many aspects and NCTO is pleased to endorse it,” NCTO chairman Marty Moran, CEO of Buhler Quality Yarns Corp, added. The agreement was signed on November 30.
“NCTO was in continuous communication with U.S. negotiators during USMCA talks, urging them to preserve and enhance the North American textile supply chain, and the deal reflects many of NCTO’s priorities,” Moran said.
US textile-related exports to Canada and Mexico totalled $11.8 billion in 2017, according to an NCTO press release.
NCTO will start educating US Congress on how USMCA is an improvement over NAFTA, said NCTO president and CEO Auggie Tantillo.
USMCA improvements over NAFTA include a standalone chapter for textile and apparel; stronger rules of origin for sewing thread, pocketing, narrow elastics and certain coated fabrics; and stronger rules for customs enforcement. (DS)
Fibre2Fashion News Desk – India