US textile firms urge swift passage of tariff bill
The National Council of Textile Organisations (NCTO) has called on Congress to move quickly to pass the long-awaited Miscellaneous Tariff Bill (MTB), which it says will boost US exports, manufacturing and employment.
According to the NCTO, the MTB will aid US manufacturers by suspending or reducing duties on materials not made domestically, reducing costs and increasing competitiveness as a result.
It added that Congress has not passed an MTB since the bill’s expiration at the end of 2012.
“We must invest in our manufacturing sector and domestic economy by creating an environment which encourages US businesses to grow and compete on a global scale,” said NCTO president and CEO, Augie Tantillo.
“By suspending duties on inputs and component materials which are not produced in the United States, American businesses will be able to cut costs and better compete with offshore producers for markets both at home and abroad.”
- Will new Vietnam wage hinder competitiveness?
- Under Armour Lighthouse will disrupt production
- Digitisation to drive new apparel-making models
- How TAL Apparel is staying ahead of the game
- Ethiopia violence undermines sourcing strategies
- Marks & Spencer top for modern slavery reporting
- Bangladesh garment workers rally for higher wages
- MAS Holdings shares commitment to sustainability
- Gap to shutter all UK Banana Republic stores
- H&M CEO named sustainability leader
- Africa-Med strategic sourcing review – comparing East Africa, North Africa and Turkey
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Apparel (GLOBAL) - Industry Report
- Global Sports and Fitness Wear Market 2016-2020