US: Sets new annual limits on AGOA apparel imports
The US has set new limits on duty and quota-free imports of apparel articles from sub-Saharan African countries under the African Growth and Opportunity Act (AGOA).
For apparel articles wholly assembled in one or more beneficiary sub-Saharan African country from regional and third-country fabric, the limit is now set at 1,784,195,681 square metres equivalent (SME) for fiscal 2014, which runs from 1 October 2013 to 30 September 2014.
Of this amount, 892,097,841 SME is available to apparel articles imported under the special rule for lesser-developed countries, regardless of the country of origin of the fabric used.
The limits are set so that US imports under AGOA are below 7% of total apparel imports into the US in the previous 12-months.
However, official data shows that total US textile and apparel imports under AGOA came to just 209.98m SME in 2012, and stand at 228.35m SME in the year ending July 2013.
Help test our new apparel sourcing tool.
- US apparel sector braces for potential cost hikes
- Trade Tracker – Trump's first weeks, Brexit agenda
- Vietnam grows share of US apparel imports in 2016
- Key trade issues facing US textiles and apparel
- Does a hard Brexit mean hard times for UK fashion?
- Bangladesh "high threat" for terrorist activity
- VF Corp sees Q4 and FY earnings tumble
- Sales at US clothing retailers jumped in January
- Ralph Lauren new execs to support Way Forward Plan
- US Q4 in brief – VF Corp, Kate Spade, Rocky Brands
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Outdoor performance apparel 2016: A broader perspective
- Technical textile markets: product developments and innovations, December 2016
- Global market review of lingerie – forecasts to 2022
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar