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Economic & trade review for textile industry by NCTO

Feb '07
In its year-end textile trade and economic review, the National Council of Textile Organizations (NCTO) cited the implementation of an apparel import monitoring program for Vietnam and the passage of expanded trade preferences for Haiti as two of the most important events affecting the United States textile industry in 2006. Other important factors were the rolling implementation of the DR-CAFTA agreement and the conclusion of free trade agreements with Peru, Columbia and Panama.

NCTO Chairman Smyth McKissick commented,

“There is never a dull moment in the U.S. textile industry and 2006 was no exception. From policy to politics, the year was filled with enormous challenges that resulted in unprecedented opportunities.

During 2006, the industry experienced significant changes on the trade policy front. From the implementation of the U.S.-China textile bilateral agreement and the DR-CAFTA agreement, to Vietnam's accession to the WTO, to new trade preferences for Haiti, and the signing of free trade agreements with Peru, Columbia and Panama, the only constant was change.

Of course, NCTO's success and the results that we have been able to achieve are the direct effect of the relationships that we have built with members of Congress and the Administration. It is only through partnership with these elected officials and public servants that significant results have been achieved for our industry.

Earlier this year, NCTO launched its “Hill to the Mill” campaign which brought elected officials and public servants into textile manufacturing facilities to educate these policy makers about our industry and its significance to the nation and the states and communities where we reside. As a result of this campaign, more than three dozen visits to U.S. plants were conducted and U.S. policy makers saw a 21st –century, highly innovative industry that is capable of competing against anyone in the world as long as the rules of trade are applied equitably and fairly.

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