US CLOTHING AND TEXTILE COMPANIES FAILING TO EXPLOIT FREE TRADE AGREEMENTS.
March 1st, 2014
ARE clothing and textile-relevant free trade agreements - which allow the garment and fabrics industries to import wares free of duties, or at sharply reduced rates – really worth the effort involved in their negotiation? Maybe not always, or at least not in the US, say some experts. According to Julie Hughes, president of the Washington-based U.S. Fashion Industry Association (USFIA), only 14% of the apparel imported into the US actually takes advantage of the FTAs that the US has signed with 20 other countries. The USFIA represents US-based textile and ...
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