Chairman Camp said: “This important legislation will strengthen U.S. global competitiveness and trade leadership. Today’s vote to extend certain AGOA provisions and add South Sudan as an eligible beneficiary demonstrates the bipartisan dedication of this Congress to sub-Saharan Africa and reaffirms the success of the AGOA program. The technical corrections to CAFTA-DR encourage deeper integration within the region, promote U.S. exports, and support U.S. jobs. These two provisions will strengthen our ties with U.S. trading partners in Africa and the Western Hemisphere and support U.S. jobs and the U.S. economy.
“Today’s legislation also extends the President’s authority to maintain the import ban on Burmese products for three years and authorizes the actual imposition of import sanctions for one year. I recognize the encouraging developments in Burma over the past months. Nevertheless, in 2003, Congress set out specific goals and benchmarks in the Burmese Freedom and Democracy Act, and I encourage the Burmese government to continue to address the concerns that led to the passage of the law. I also urge the Burmese government to vigorously pursue further reforms, economic growth, and peaceful, inclusive governance that benefit all the Burmese people.”
Trade Subcommittee Chairman Brady said: “The strong bipartisan vote on H.R. 5986 re-affirms our strong trade and investment ties with sub-Saharan Africa and ensures a better-integrated textile supply chain in the Americas. These actions will support well-paying U.S. jobs. The legislation also reauthorizes the import ban on Burmese products. While I believe the Burmese government has taken sizeable steps forward in recent months, the political and economic reforms taken must continue and intensify to ensure that all citizens of Burma may be free, have a fully democratically-elected government, and enjoy the fruits of broad-based economic growth.”
| On 31st Jul 2021
As supply chain disruption remains a significant challenge, American...
GBG USA, an indirect wholly owned subsidiary of Global Brands Group...
Although Asia's garment market rose in size in value terms before the ...
Donating 20,000 N95 masks to hospitals & NGOs
Blockchains will be in heavy use by early adopters by 2025
Money never disappears-it just finds new opportunities
Seraphine is a British maternity brand providing affordable luxury fashion ...
Dhruv Toshniwal & Udit Toshniwal
Launched a year ago, Fashions Pvt Limited conceptualises and sees D2C...
Delhi-headquartered Cantabil Retail India Ltd was founded by Vijay Bansal...
Kevin Young & Tom Lucas
Web Industries is a precision formatter of nonwoven materials used in baby ...
Ventile is a registered trademark used to brand a special high-quality...
Pranesh Sridharan & Berndt Koll
The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...
Vidur Adlakha & Riccardo Bennidini
With an active presence in US, Italy and India, clothing brand La Fuori...
Anjali Bhaskar has an experience of 12 years in the fashion industry. She...
Designer <b>Suman Nathwani</b> talks about her journey of opening a...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.