• Linkdin
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

National Textile Association supports H.R.4831

26 Mar '08
1 min read

Representative Louise Slaughter [NY 28] and Representative Melissa Bean [IL-8] have introduced H.R.4831, a bill to extend the temporary duty reductions and suspensions on certain wool products, and for other purposes.

NTA supports H.R.4831 as drafted to extend the entirety of the wool TRQ, duty suspension, payment, and trust fund package.

The current wool program represents a carefully crafted compromise, supported by all interested parties in the wool production chain.

For example, while the existing program allows for a limited amount of annual wool fabric imports into the U.S. at significantly reduced duty rates, it also establishes a trust fund for domestic wool fabric producers which helps to offset losses derived from the tariff reductions.

Critical aspects of the legislation to domestic yarn and fabric producers such as our company are due to expire in 2009.

Failure to extend this legislative program will create substantial uncertainty in the market with possible severe consequences for the thousands of U.S. workers that are involved in the production of wool fiber, fabric and apparel.

National Textile Association

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search