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TPP's Yarn-forward Rule to Boost Vietnam's Textiles (Country Report)
30 October 2012 - Vietnam's apparel could be offered duty-free access to US market, under currently negotiated TPP agreement. US textile industry requests a yarn-forward rule of origin to avoid any new surge in apparel imports from Vietnam, which would depress yarn exports to Central America. The rule would actually boost textile investment in Vietnam, from around Asia.
US Congress Passed FTAs With Korea, Panama and Colombia
13 October 2011 - The US Congress just passed three free trade agreements with Colombia, Panama and South Korea which had been stuck in the legislative process for years. The duty-free access offered to Colombian apparel will also be extended until 2013. Colombian apparel exports to the US were severely hit after US Congress earlier failed extending the preferential treatment.
US Senate Approves China Currency Bill
12 October 2011 - The US Senate just approved a bill which would allow imposing additional import tariffs to specific products benefiting from the low level of China's currency. The US textile industry strongly supported the new bill which is not expected to be passed by the House of Representatives, however.
EU's New GSP Would Benefit Pakistan's Textiles
18 May 2011 - Pakistan's textiles and clothing could be offered a duty-free access to the European Union, effective from 2014. EU's Commission just released its proposal for new GSP regime which could offer GSP+ access to Pakistani products, if approved by member states. Fewer countries will be eligible, while so-called graduation rules will be eased for letting specific group of products remaining eligible.
Turkey Confirms Heavy Textile/Clothing Import Duties
30 March 2011 - Turkey officially confirmed that heavy duties will be collected on fabric and apparel imports from most origins, effective from July 21st. The Council of Ministers however reduced maximum additional tariffs by 10% after importers strongly opposed the decision which could result in higher retail prices, they warned.
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