About 48 sub-Saharan African countries and 25 Caribbean countries would benefit from the legislation. Apparel made in these countries from U.S. fabric and yarn could enter the country free of duties and quotas.
Apparel made in Africa from African fabric would be allowed to increase from 1.5 percent of U.S. imports to 3.5 percent over the next eight years, reportedly increasing African apparel exports from about $250 million to $4.2 billion.
Many industry groups support the trade legislation.
“Some of the changes will have an adverse effect within our industry,” said Roger W. Chastain, president of the American Textile Manufacturers Institute, which represents about 100 domestic companies that manufacture 75 percent of all textile fibers used by U.S. plants. “But we recognize that the overall benefits of the bill will be helpful to the U.S. textile industry, and we are therefore not opposed to its passage.”
The Senate is expected to pass the legislation this week and President Clinton will then sign it into law.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now