CBTPA predominately supports trade with Haiti, with 30% of Haitian exports to the US coming under the trade pact

CBTPA predominately supports trade with Haiti, with 30% of Haitian exports to the US coming under the trade pact

The American Apparel and Footwear Association (AAFA) has welcomed the passage of legislation this week that will extend the Caribbean Basin Trade Partnership Act (CBTPA).

In a statement yesterday (22 September), Ways and Means Committee chairman, Richard Neal, confirmed the House of Representatives passed the extension of the trade pact, which provides textile and apparel trade preferences to Caribbean countries, until 30 September 2030.

"The Caribbean is an important region to the United States and our economy," Neal said. "The CBTPA supports thousands of workers and businesses in both the United States and the Caribbean, and its extension helps to facilitate long-term economic development. I applaud the bipartisan support for H.R. 991, and I look forward to the Senate swiftly taking up this legislation before the CBTPA's September 30 expiration."

CBTPA predominately supports trade with Haiti, with 30% of Haitian exports to the US coming under the trade pact. At the same time, the programme supports US textile jobs due to the requirement that apparel imports to the US utilise US-made yarns and fabrics.

Overall, CBTPA is structured in a fashion that reasonably balances the interests of US textile manufacturers with those of textile and apparel manufacturers in the region.

Steve Lamar, president and CEO of the AAFA is now urging the Senate to "quickly take up and pass this measure" before it expires eight days from today, and for President Trump to sign it into law.

"At a time of considerable uncertainty, it is reassuring to see Congress approve a ten-year renewal of the CBTPA to foster predictable and stable trade with Haiti.

"AAFA has supported the CBTPA throughout its existence and has been calling for the renewal of the programme. In April, AAFA sent a letter to Congress emphasising the importance of the program. On 28 August, AAFA led a group of associations in a letter to US Trade Representative Robert Lighthizer, calling for him to convey support for the programme in conversations with Congress."

Earlier this month, industry associations for the US textile and cotton sectors called on Congress to ensure a timely extension CBTPA.