USFIA hails Senate for passage of TPA

25 May '15

2 min read

The United States Fashion Industry Association (USFIA) congratulated the Senate for passing the Bipartisan Congressional Trade Priorities and Accountability Act of 2015, which would renew Trade Promotion Authority (TPA).

The TPA sets the direction for a robust trade agenda, strengthens and modernizes existing law, updates negotiating objectives for the 21st century, strengthens consultations with Congress and the public and keeps Congress in control of implementing Bills.

“The fashion industry is grateful to the US Senate for passing Trade Promotion Authority before the Memorial Day Recess,” said Julia K. Hughes, president of USFIA in a statement. “We urge the House to quickly follow suit upon their return so the Obama Administration can continue its work to create high-standard, 21st-century trade policy.”

“The passage of TPA will pave the way for the Obama Administration to conclude the Trans-Pacific Partnership and continue to work on the Transatlantic Trade & Investment Partnership,” she added.

“Fashion brands, retailers, and importers in the United States are global businesses,” she noted. “They not only import products utilizing complex, global supply chains, but also increasingly sell their products all over the world, too. This globalization leads to high-quality jobs in areas like design, sourcing, compliance, logistics, shipping, marketing, and retail in the United States. It’s important that America’s trade policy reflects the way American companies are doing business around the world.”

The USFIA also thanked the Senate for passing the trade preferences legislation, including renewal of the African Growth & Opportunity Act, the generalized system of preferences (GSP), and the Haiti trade preferences. (SH)

Fibre2fashion News Desk – India

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