OBAMA AMENDS CAFTA-DR RULE THAT ENCOURAGED AMERICAN TEXTILE MANUFACTURERS TO IMPORT ASIAN THREAD
October 1st, 2012
BY LEAH GERMAIN
US textile industry experts are predicting a boost to the country's thread manufacturing sector following a reform to a loophole in the US-Dominican Republic-Central America Free Trade Agreement (CAFTA-DR) that had left American producers vulnerable.
The new rule comes into force on Saturday (October 13) and corrects a definition that had encouraged the use of non-US (mainly Chinese and other east Asian) sewing threads in American, Central American and Dominican textiles and apparel production.
It will ensure textiles will only receive ...
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