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US 'must hold' China accountable for predatory trade practices: NCTO

18
Oct '21
Pic: Shutterstock
Pic: Shutterstock
Appreciating President Joe Biden’s call to ensure the United States is building more resilient and reliable supply chains and investing in domestic manufacturing, National Council of Textile Organisations (NCTO) president and chief executive officer Kim Glas recently said “we must hold China accountable for predatory trade practices that have offshored our industries and our jobs”.

“Years of offshoring production in a race to the bottom—exacerbated by predatory trade practices that have undermined so many manufacturing industries—has led to a tipping point. In fact, it was not too long ago that nurses in New York City and beyond were wearing garbage bags as gowns as our overreliance on Chinese production chains exposed severe fragilities in keeping our health care workers safe during the height of the pandemic,” he said in a statement.

“China’s virtually unlimited and unrealistic pricing power coupled with its subsidies and lack of enforceable environmental standards strips benefits and undermines policy objectives, and leaves us in an untenable situation of overreliance on a foreign supply chain for critical products and raw materials. This must change.” He emphasised.

“We must onshore and nearshore more textile and apparel production chains out of Asia to the US and also to Western Hemisphere trade partners. This has a multitude of benefits to ensure more reliability in production and also has remarkable job benefits to US manufacturers and our allied trading partners who adhere to higher labor and environmental standards. Further, it will help address the migration crisis and grow better paying jobs,” he added.

Fibre2Fashion News Desk (DS)


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