USMCA offers stability for US cotton in key markets: NCC
Jan '20
Mexico is the second largest export market for US cotton textile/apparel products, while Canada is the fourth largest for these goods. Mexico is also a top market for US raw cotton.
Tate, an Alabama cotton producer, said the USMCA includes a textile chapter that offers significant improvements for domestic textile manufacturers and workers. Those provisions include: a stronger rule of origin for certain regional textile products, strong customs enforcement language, and assurance that a significant amount that the department of homeland security spends annually on clothing and textiles is on domestically-produced products.
“The USMCA is the largest, fairest, most balanced, and modern trade agreement ever achieved. There’s never been anything like it,” Trump said at the signing ceremony.
Fibre2Fashion News Desk (RKS)
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