U.S. Textile Manufacturers Urged The Government To Increase Exports
Business community on August 5 News American National Textile Organization (NCTO) Committee informed government officials, members of the Committee “strongly support” Obama national export program, but, they say, if you want to double in the next five years, the export target The U.S. government must take action in four key areas.
In a letter to trade and facilitate the coordination of the Commission’s letter, NCTO President Cass Johnson said, as exports more than 12 billion U.S. dollars annually, the U.S. textile industry is already the world’s third largest export industry, however, if major policy changes and the development of programs He believed that the export target is expected to increase from 12 billion U.S. dollars to 24 billion U.S. dollars, and apparently is just around the corner.
However, this depends entirely on the United States and other governments have taken some important steps.
For example, he said, must try to find ways to improve export financing. Noted that the U.S. textile industry in the United States through private lending and Export-Import Bank financing is very difficult, Johnson called for changes in policy that are interested in export of textile manufacturers more easily financed.
While U.S. textile manufacturers are exported are exported to the United States signed free trade agreements with countries such as the North American Free Trade Agreement and Central America, Dominican Republic free trade agreement, but the Bank believes that these countries are in most countries high-risk countries, insurance costs high. NCTO that need to relax the U.S. Export-Import Bank to identify high-risk policy, in determining the risks in its free trade zone to be supplied to partners of Chukou be given special consideration, if the exporter can prove that, into the U.S. market Jinkou are separate products , then the risk should be the “final destination”, that is, the United States.
NCTO also called for the elimination of subsidies, including export competitiveness with the United States Western Hemisphere country’s currency manipulation. Johnson said: “In today’s highly competitive De World,level playing field right the U.S. textile Chu Koushang Zaocheng the biggest obstacle for the textile and apparel trade Haiwai subsidizes the U.S. government does not attach importance to Zhexie subsidies.” China’s manipulating the exchange rate. He said the price advantage to 20-40%, he also lists China’s textile and garment industry to subsidize the other 63 species.
NCTO called on the U.S. Government take the following four steps to solve this problem:
label China a currency manipulator, and to support legislation that would allow U.S. companies to defend themselves against illegal subsidies.
Use of the World Trade Organization challenging China’s subsidies.
Create a comprehensive public database of Chinese industrial subsidies, and made available to American industry.
Reduce dumping and countervailing duty cases filed cost, the cost of the current record could reach millions of dollars.
NCTO document also calls for increased customs enforcement on the free trade zone. Noted that 70% of U.S. textile exports to these concessions area, Johnson said, fraud partner has grown, so, the United States Haiguan Buzaikaolv commercial Qizha yes priority in fraudulent activity in Xianzai, fraud has become popular in the phenomenon of the Western Hemisphere. The Committee called for strengthening law enforcement and security textile law enforcement efforts and new powers given to customs, resources and tools to address the trade preferences in the field of fraud.
Finally, NCTO request for additional trade promotion and trade missions, an important focus in the Western Hemisphere textile and garment trade, today, bilateral trade amounted to 25 billion U.S. dollars. NCTO said the area there are many difficult and unique Asian competition. Association called for the Ministry of Commerce to establish a forum to review and understand the purchasing agent, production of clothing from the use of American ingredients to get the benefits of regional procurement.
Johnson said the U.S. needs “a positive and strong export policies to support enterprises, Swinger U.S. products in foreign market barriers.”
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