A free trade agreement with the US will not guarantee a competitive advantage for Sri Lankan garments in the US, says a US trade law specialist.
Foreign direct investments are shifting back to Malaysia from China, at least in the textile industry, with some multinationals planning to relocate their operations ahead of the signing of the Malaysia-US Free Trade Agreement (FTA).
The recent approval of a five-year extension of permission to use foreign fabrics in Africa’s duty-free clothing exports to the US is seen by trade experts in Washington as helping to stabilise East Africa’s textile industries. But the action last week by the US Congress is unlikely to reverse the downward trend in Kenya and Uganda’s apparel sales to the American market.
A trade preference bill included in one of the last bits of legislation passed before the end of the 109th congressional session Dec. 9 is being hailed as having the potential to help start a turnaround in the bedraggled economy of the Caribbean nation of Haiti.
The Jordan-United States free-trade agreement was supposed to be a labor-rights model. It has been a disaster — ’globalization’ at its worst.
In a move that is strongly opposed by US textile manufacturers, the chairman of the House Ways and Means Committee has introduced legislation that will make major changes in the textile provisions of two trade agreements and also promote investments in African facilities by US companies.
The US Trade Representative has been urged by the largest US labor organization and textile group to file a complaint against Jordan for its failure to check companies from exploiting their laborers and subsequently cheating them on wages. Since the US-Jordan FTA was signed between the two nations in December 2001, this is the first time any US business group has come together with labor demanding action under the treaty.
This is the first time that a business association has formally joined in filing a worker rights case under a trade agreement. The groups called on the Bush Administration to initiate dispute settlement proceedings under the FTA that would halt gross workers’ rights violations occurring in Jordan.
The garments industry may not see the benefits of the new Free Trade Agreement (FTA) with the US until early next year, said an industry leader.
After numerous stakeholder inquiries and intense media commentary, government has finally revealed how it intends to effect the textile and clothing agreement concluded with China in June.
As the US textile industry’s Washington-based lobbyists continue with their efforts to get modifications in the US-Vietnam bilateral trade agreement, the National Council of Textile Organizations issued a statement saying Vietnam’s textile and apparel imports to the United States are growing faster than those of any other country.
The Philippines has formally proposed to the US for a phased-in bilateral free trade agreement (FTA) starting out with the garment and textile sector in an effort to protect the country’s advantages in this sector in the US market, which accounts for over 70 percent of the country’s total garment exports.
Tanzania is likely to enter into a trade agreement with the Southern African Customs Union (SACU) allowing the East African nation to export textile and clothing material on preferential terms within the trading bloc’s countries.
Industry plans for Australia’s manufacturing, textile and clothing industries are not up for negotiation in a free trade deal with China, the federal government says.
Free trade negotiations between China and Australia are sensitive for both countries, Foreign Minister Alexander Downer said amid reports the cabinet is split over whether to abandon tariffs protecting Australia’s clothing and motor vehicle industries.
Thai garment manufacturers are currently on tenter hooks as the US goes about concluding Free Trade Agreements with different countries having apparel and textile manufacturing bases.
While the machines on the factory floor whirred rat-a-tat-tat, textile maker Sergio de la Torre sat in his office and extolled what CAFTA will bring in the future: attention and foreign investment.
Malaysia’s textile and garment industry is looking forward to a US-Malaysia Free Trade Agreement (FTA) to help boost exports.
Pakistan and Jordan set to initiate the process of negotiations for concluding Free Trade Agreement (FTA) and Protection and Promotion of Investment between the two countries along with cooperation in agriculture, science and technology and other areas during 8th Session of Pak-Jordan Joint Ministerial Commission.
The new government should rush to go ahead with the opening of the planned free trade area (FTA) with Japan before Thailand loses markets to trading rivals, according to a top executive of the textile and garment industry.