USA: Trade Rule Passed By One Vote, Moves To Senate Talks
Rep Jim DeMint, a South Carolina Republican, and Rep Robin Hayes, a North Carolina Republican both withheld their backing after complaining that new wording in the bill offered a loophole that would violate a commitment to keep certain textile dyeing and finishing jobs in the United States.
The issue involves trade rules for fabric made in the United States, shipped to Caribbean countries to be cut and sewn into clothing, then shipped back for sale. Textile state lawmakers have been seeking an assurance that this "wholly formed" fabric would be woven and dyed, printed and finished in the United States. Only then could it be exported for cutting and sewing and shipped back under preferential trade rules.
The new trade promotion authority bill will boost President George W Bush's ability to negotiate trade pacts without the possibility of any amendments by Congress. The legislation also includes other previously passed bills providing trade benefits for Andean nations and federal aid for workers who have lost their jobs because of increased imports or because factories moved overseas.
House Ways and Means Chairman Bill Thomas, a California Republican, told reporters he hoped to reach agreement with Senate negotiators on a final trade package before August.
But it remains possible the Republican-controlled House and the Democratic-controlled Senate will be unable to agree on a final trade package.
Companies: Asda Group Limited
High-street design favourite George Davies is to take on the task of rejuvenating Marks & Spencer's children's wear collections, press reports said....
Apprel group VF has appointed George Irion as head of a new procurement organisation structure designed to identify cross-coalition purchasing opportunities and alliances for VF....
Retail operations and security specialist Paul Burrows has joined Norprint Labelling Systems Limited to head up retail security development....
Supermarket chain Asda is to take on 2,800 new employees across its British stores as it continues to expand into non-food sectors including clothing....
High-street retailer Marks & Spencer today reported a 19.6 per cent hike in first-half profits - and made the surprise announcement that Per Una founder George Davies is to stay on at the company, a m...
City analyst Richard Ratner has warned of a legal clash between high-street chain Marks & Spencer and George Davies, founder of its Per Una range, if Davies continues with his plan to establish a comp...
Design consultant George Davies, who last week announced his departure from Marks & Spencer's Per Una fashion brand, is planning to establish a stand-alone clothing chain to rival M&S....
Global lifestyle brand Nautica has signed a deal with lifestyle sports entertainment company AVP Pro Beach Volleyball Tour Inc to be the official sponsor of volleyball touring series the AVP Nissan Se...
- Trump blows the case for Brexit out of the water
- How to ensure sustainability is more than a slogan
- Steps to piloting living wage in garment factories
- Duty-free trade key to build Africa supply chains
- Bangladesh slips as US imports decline in October
- Taiwan textile maker investing in first US plant
- Outdoor apparel sector set for double-digit growth
- US Q3 in brief – Destination Maternity, Cherokee
- World cotton price prospects lifted again
- Adidas NYC flagship raises the bar on sport stores