CAFTA-DR Modification Will Promote Us And Regional Job Opportunities Through The Textile Sector.
The office of the United States trade representative announced at the Salvatore conference in San Salvador in February 23rd that the Dominica Republic - Central American Free Trade Agreement (CAFTA-DR) should be amended to promote job opportunities in the United States and the region and create new opportunities.
Export opportunities
。
These changes will promote regional trade and economic integration of textiles and clothing, which is very important for regional production and employment.
These CAFTA-DR changes will also expand export opportunities, revitalize the Western Hemisphere textile and apparel supply chain and help the Western Hemisphere effectively face the challenges of Asian competitors.
The most important modification is that we now require some monofilament.
Sewing thread
The origin is the United States, or produced in the United States or produced in the CAFTA-DR area, so that these goods meet the preferential treatment conditions.
This type of sewing thread has been used more and more in the clothing industry, but the original agreement has not made this requirement.
The sewing thread industry in the United States supports hundreds of job opportunities in advanced technology factories.
After the revision of the agreement, the risk has been eliminated. Now the amount of regional sewing lines is increasing and the opportunity for work is likely to increase.
Other modifications involve treatment of some pajamas and CAFTA-DR shortage list, including elastic yarn, knitted waistband and knitted molding components.
At the meeting of the Free Trade Commission, participants also agreed to increase the cumulative restrictions and encourage greater regional production integration through the reciprocal tariff free access to Mexico and Canada in Central America and in the multi Canadian apparel industry, as advocated by CAFTA-DR.
The annual cumulative increase is based on agreement.
The restrictions will allow products imported from Central America and the Republic of Dominica to produce garments (including production inputs from Mexico or Canada) to enter the United States.
The agreement changes will take effect after the approval of CAFTA-DR governments.
In 2010, US textile and clothing exports to the CAFTA-DR region grew 25%, more than 19% of global export growth.
The CAFTA-DR area is the third largest export market for textile and clothing products in the United States, ranking in the the Atlantic free trade area.
In 2010, the market represented about US $3 billion in exports.
Exports to the CAFTA-DR region account for 16% of the total volume of textile and clothing exports in the United States.
US imports from CAFTA-DR area in 2010
textile
And clothing grew by 14% to $7 billion.
The CAFTA - DR area is the second largest supplier of textiles and clothing in the United States, after China, which has risen from third to second in Vietnam last year.
- Related reading
The British Government Released The White Paper On Trade And Investment 9 Days Ago.
|- Hat | Wenzhou Clothing Follows The Wind To "Go To The Countryside"
- Hat | Garment Buyer Order Outflow
- Shoe material excipients | The Qualified Rate Of Leather Products Is Only 3%, And The Quality Should Be Improved.
- Hat | Textile Industry Revitalization Plan
- Hat | On The Two Sessions, The NDRC And The Ministry Of Finance Responded To The Textile Industry'S Concerns.
- Hat | Jiangxi Strictly Protects Leather Industry
- Hat | Taking The Road Of Innovation And Development Under The Crisis Of Leather Industry In Xinji
- Hat | Lixian County Fur, Leather And Environmental Protection Take The Road Of Sustainable Development
- Shoe material excipients | Global Crisis Hits Traditional Carpet Industry In India
- Hat | Haining Warp Knitting Industrial Park Relies On Science And Technology To Create New Hope For Textile Enterprises.
- Get Rid Of The Heavy Sense Of &Nbsp; Lean Leg Pants With Flat Shoes For Casual Recreation.
- The Cheap Pants Are &Nbsp; The West Plunders Profits And Tastes Bitter Fruit.
- Spring Does Not Fall &Nbsp; Fashionable Fashion With Short Boots Charm.
- This Spring And Summer, Together Light! -- Interpretation Of The Trend Of 2012 Spring And Summer
- Analysis Of REDA&Nbsp; 2012 Spring And Summer Fabric Series
- Flowers Play Shadow, &Nbsp, Emporio&Nbsp, Armani, Spring And Summer Shoes.
- Yang Mi'S Dress Appeared At The Launching Ceremony Of The 2011 Fifth Entertainment Ceremony
- The Central Bank Continued To Raise Interest Rates By &Nbsp; Wenzhou's Small And Medium-Sized Shoe Companies Were Hanging Ahead.
- What Clothes Does Mao Zedong Receive For Foreign Guests?
- "World Shoe Capital" Dongguan Becomes Brazil Footwear Industry Talent Gathering Place