AAFA Praises Congress For Passage Of Free Trade Agreement

2011/10/17 11:16:00 36

American Clothing And Footwear Association Adopts Free Trade Agreement

AAFA praises the United States

congress

Through a long pending free trade agreement with Columbia, Panama and South Korea.

It also includes a series of trade-related polls, namely, the restoration of GSP, the ATPA and TAA.

Now, all these measures are sent to President Obama to wait for the signature.

Kevin Burke, President and CEO of the association, said: "the actions taken by Congress today reaffirmed our competitiveness in the global market".

"These agreements are about 4000000 American.

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The benefits from footwear workers and American consumers are obvious.

By opening two-way permanent trade flows in these three important markets, we get more than 100 million new consumers, while continuing to provide quality and affordable products in the United States.

"I urge President Obama to sign this open market legislation as soon as possible so that we can begin to implement the steps of these trade agreements," Burke said.

"The American clothing and footwear industry will continue to work with the Obama administration and Congress to ensure that the implementation process is seamless."

Since 2002, US cotton exports to Columbia have increased by more than five times, while American yarn and fabric have doubled exports to Columbia.

These exports are worth nearly 300 million dollars.

Korea is now the finished product of the United States.

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The fourth largest markets are in Canada, Britain and Japan.

From 2000 to 2010, American clothing exports to Korea increased by 5 times.