USA: Textile associations seek modification in CAFTA implementation
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WASHINGTON: Three major trade associations representing textile manufacturers, cotton producers and importers have urged the Bush administration to modify implementation of the Dominican Republic-Central America Free Trade...
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WASHINGTON: Three major trade associations representing textile manufacturers, cotton producers and importers have urged the Bush administration to modify implementation of the Dominican Republic-Central America Free Trade Agreement (DR-CAFTA); sources said here on March 7. The administration has been pursuing rolling implementations of the agreement in order to ensure that participating countries can live up to agreement terms. The American Apparel & Footwear Association, the National Cotton Council and the National Council of Textile Organizations, in a letter to the USTR and the secretary of commerce, expressed their concern that the rolling implementation will disrupt trade with countries that already participate in the Caribbean Basin Trade Partnership Act. The associations, in order to avoid problems during the transition period, called for the Caribbean Basin preference agreement to remain in effect until DR-CAFTA becomes fully implemented, and for countries that accede to the DR-CAFTA to be able to fully avail themselves of the DR- CAFTA rules of origin during the period of rolling implementation. The associations believe if these actions are taken, companies sourcing in the region will be assured they will not be saddled with new costs as the DR-CAFTA is being implemented.
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