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NCTO hails US reaffirming China's non-market economy status
03
Nov '17
NCTO hails US reaffirming China
The US National Council of Textile Organizations (NCTO) has praised the US Department of Commerce’s recent determination reaffirming China’s non-market economy status for anti-dumping purposes and called for even more aggressive enforcement to crack down on unfair trade practices. “The evidence could support no other decision,” said NCTO CEO Auggie Tantillo.

NCTO is a Washington-based trade association that represents domestic textile manufacturers.

“China has a set of unfair and extraordinary advantages that allow them to displace investment, production and employment in our market,” an NCTO press release quoted Tantillo as saying.

As President Donald Trump will visit Japan, South Korea, China, Vietnam and the Philippines this November, NCTO urged him to use his Asia trip to reaffirm his commitment to enforcing US trade laws fairly and resolutely.

U.S. employment in the textile supply chain was 565,000 in 2016. The value of shipments for US textiles and apparel was $74.4 billion last year, a nearly 11 per cent increase since 2009. US exports of fibre, textiles and apparel were $26.3 billion in 2016. (DS)

Fibre2Fashion News Desk – India


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