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AAFA, USFIA hail TPA passage in US Senate
25
Jun '15
The American Apparel & Footwear Association (AAFA) and the US Fashion Industry Association (USFIA) have applauded the bipartisan passage in the US Senate of Trade Promotion Authority (TPA) legislation.

Both the AAFA and the USFIA had been pushing for a quick passage of the TPA which is vital for the US to conclude trade agreements under the Trans- Pacific Partnership (TPP).

“With final passage of TPA, the US can now conclude the free trade agreements being negotiated with countries in the Pacific Rim and Europe. The Trans-Pacific Partnership (TPP) agreement alone represents 39 per cent of world economy, or $28.1 trillion of GDP. TPP will be the largest free trade agreement to date, representing an important opportunity for the clothing and shoe industry and our members.” AAFA president and CEO Juanita Duggan said in a statement.

“We’re pleased the Senate passed TPA and urge the President to sign TPA quickly,” she added.

USFIA President Julia K. Hughes said, “We thank every Senate member who voted for TPA. We appreciate the House and Senate leadership working together over the past several months to finally pass this critical legislation.”

“We are eager for President Obama to sign TPA into law so the Administration and all stakeholders can continue to work on creating high-standard, 21st-century trade policy that will help US-based brands and retailers continue to innovate and create high-quality jobs at home,” Hughes said.

The TPA now goes to the President for his signature.

The Senate also passed a separate trade preferences bill. The trade preferences bill includes long-term renewal of the African Growth and Opportunity Act (AGOA), the Haiti HOPE/HELP trade program, and the retroactive renewal and update of the Generalized System of Preferences (GSP) programme.

The update to GSP includes a measure sought by AAFA to remove a statutory exclusion for travel goods such as laptops, luggage, backpacks, and handbags. These are measures that will provide immediate benefit to the US apparel and footwear industry.

“The trade preferences package passed by the Senate contains a number of programmes that are important for our industry and that also benefit American consumers, American businesses, and American workers. We are pleased the Senate approved the preferences bill with overwhelming, bipartisan support. We encourage the House to approve this bill quickly and send it to the President for his signature,” Duggan said in a separate statement. (SH)

Fibre2fashion News Desk – India


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