USA: ATMI Unveils Action Plan To Save Industry
The American Textile Manufacturers Institute (ATMI) also urged the Bush administration to pursue a cheaper dollar policy in a bid to save an industry that has lost almost 180,000 jobs in just five years.
Among their list of demands is an urgent "textile agreement with Vietnam imposing quotas on textile and apparel imports from that country", and "strong and effective customs enforcement of all textile and apparel trade".
"The US government must adopt a 'sound dollar' policy, allowing the overvalued US dollar to return to more natural and historic levels, and take immediate and strong action against countries such as China, Korea and Taiwan that intentionally manipulate their currencies in order to gain a competitive advantage vis-a-vis the United States," it added.
ATMI chiefs also want a tougher stance in textile trade talks adopted that would mean other countries had to lower their trade barriers before the US reduces tariffs, and the imposition of "safeguard" restrictions on several categories of textile imports from China.
The eight-part action plan, which is listed on the ATMI website, follows soaring apparel imports from Asia on the back of weaknesses in overseas currencies.
Help test our new apparel sourcing tool.
- Apparel factory auditing is in the firing line
- How US border adjustment tax could affect apparel
- Trump and the apparel industry – Infographic
- "Buy American, Hire American" to guide Trump trade
- Ten retail trends to watch for in 2017
- Brands need to tackle Turkey factory refugee abuse
- Trump signs order to withdraw from TPP
- UK clothing factory workers paid half minimum wage
- Patagonia launching circular economy platform
- Auditing "in need of reinvention" says new project
- Outdoor performance apparel 2016: A broader perspective
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Global apparel markets: product developments and innovations, October 2016
- Anti-odour clothing: fresh fashion for an active lifestyle
- Global market review of lingerie – forecasts to 2022