US Textile Manufacturers Appealed To The Government To Take 4 Steps To Expand Exports.

The United States

In a letter addressed to the trade and promotion co ordination Committee,

However, it depends entirely on some important steps taken by the United States and other governments.

For example, he must try to find ways to improve export financing.

Noting that the textile industry in the United States is very difficult to finance through private lending and the Export Import Bank of the United States, Johnson appealed to amend policies to make textiles that are interested in exporting.

Although some of the exports of American textile manufacturers are exported to countries that sign free trade agreements with the United States, such as the North American Free Trade Agreement and the free trade agreement between Central America and the Republic of Dominica, the import and export bank believes that most of these countries are high-risk countries with high cost of insurance.

NCTO believes that the import and Export Bank of the United States needs to relax the policy of determining high risk. When determining risks, special considerations should be given to the export to partners of the free trade cooperation zone. If exporters can prove that the import into the US market is a different product, then the risk should be "the final destination country", that is, the United States.

NCTO also appealed for the elimination of subsidies, including currency manipulation in western hemisphere countries that compete with US exports.

Johnson said: "in today's highly competitive world, unfair competition environment poses the biggest obstacle to us textile exporters, providing subsidies for textile and clothing trade overseas, while the US government does not attach importance to these subsidies."

He referred specifically to China's manipulation of exchange rates.

He said that the price advantage reached 20-40%, and he listed 63 other subsidies for China's textile and garment industry.

NCTO appeals to the United States government to take the following 4 steps to solve this problem:

Labeling China as a currency manipulator and supporting legislation allowing us companies to defend themselves against illegal subsidies.

? use the world trade organization to challenge China's subsidies.

Create a comprehensive public database of China's industrial subsidies and provide it to us industries.

Reduce the filing costs of dumping and countervailing duty cases, and the cost of filing is now likely to reach millions of dollars.

The NCTO document also calls for increased customs enforcement efforts in the free trade area.

Noting that 70% of American textiles are exported to these preferential areas, Johnson said that there are more and more fraudulent partners. Therefore, the US Customs no longer considers commercial fraud as a high priority fraud. Now, fraud has become a popular phenomenon in the Western Hemisphere.

The committee calls for strengthening the enforcement of textile law enforcement and safety laws, and giving the customs new powers, resources and tools to solve fraudulent activities in the field of trade preferences.

Finally, NCTO calls for an increase in trade promotion and trade missions, focusing on the important textile and garment trade in the Western Hemisphere. Today, bilateral trade volume is $25 billion.

NCTO said there are many unique features of the region that are difficult to compete with Asia.

The association appealed to the Ministry of Commerce to set up a forum to allow procurement agents to examine and understand the benefits of procurement from regions that use American ingredients to produce garments.

Johnson said that the United States needs "a positive and firm export policy to support enterprises and smooth down the obstacles of us commodities in domestic and foreign markets."