Thursday, November 19, 2009

Duty-free access to Cambodia damages [US] textiles: NCTO

November 18, 2009
Source: National Cotton Council of America

David Hastings, chairman of Mount Vernon Mills, urged the House Ways & Means Committee’s Subcommittee on Trade to keep in mind that the United States’ manufacturing sector is hurting badly and not to take action that could potentially cause further job losses in this country.
Testifying on behalf of the National Council of Textile Organizations (NCTO), Hastings specifically urged the Subcommittee that as it reviews different options regarding preference programs – not to consider a proposal to extend duty free status to apparel imports from Bangladesh and Cambodia as a part of broad trade preference reform.
Hastings said, for example, if this Committee grants these large competitive countries with duty-free status, Mount Vernon’s Trion facility, and many others, will be forced to close.
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