US retailers have applauded the introduction of the American Manufacturing Competitiveness Act of 2016, which would in turn establish a process for manufacturing duty cuts.

The US House Ways and Means Committee introduced the legislation yesterday (13 April), the introduction of which sets forward a path for a new Miscellaneous Tariff Bill. This would provide temporary duty suspensions and reductions for raw materials and intermediate products that are not available in the United States

 The Retail Industry Leaders Association (RILA) welcomed the move would spur economic growth and support more American jobs.

"The Miscellaneous Tariff Bill (MTB) will enhance the competitiveness of American businesses," said Hun Quach, vice president for international trade. "We urge the House of Representatives to approve the legislation as quickly as possible." 

The last MTB passed by Congress expired on 31 December 2012.

Last year, the AAFA welcomed a restart of the MTB process, which it said was "vital" to ensuring companies are able to petition in a "timely and transparent manner" for the removal of such duties, saving millions of dollars.

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