Blog: Leonie BarrieGoodbye Vietnam?

Leonie Barrie | 2 June 2006

Now that China is no longer enemy number one – at least while its exports to the US continue to be capped in several key categories, although we can be sure the import figures in other categories will continue to be scrutinised – US trade lobbyists are now turning their attention to Vietnam.

Accusations that Vietnam heavily subsidises its textile and apparel sector are key to the trade group’s calls for a safeguard clause in the country’s planned WTO accession document. But it seems to have overlooked the fact that Vietnam has scrapped plans to invest US$4bn in its textile and garment industry to avert these very allegations.

And yet again we’re hearing comments that “this deal is a double loser,” damaging not only the “hard-hit” US textile industry that these lobbyists represent but will more than likely lead to substantial job losses in Mexico and Central America. Some textile groups have threatened to “actively oppose” any new trade talks unless there are continued restraints on apparel and textile imports from Vietnam – but surely this stance will stifle exports further in the very countries the lobbyists now say they’re trying to protect?

And why not throw another contentious issue into the melting pot just for good measure? Illegal immigration is the hottest issue on Capitol Hill right now and this deal directly exacerbates the problem says AMTAC executive director Auggie Tantillo. “A congressman that votes for this deal might as well be putting his name in neon lights saying that he supports more illegal immigration.”

‘Flawed’ trade deal


BLOG

Act now to keep receiving just-style newsletters

You may have noticed a red alert bar at the top of just-style’s weekly and daily newsletters asking you to “Act now to keep receiving the just-style newsletter.” ...

BLOG

Apparel imports into the US rose in June

Apparel imports into the US rose in June as merchants stocked up for summer and prepared for the back-to-school season, with imports from Vietnam continuing to surge....

BLOG

US retailers under pressure to grow sales as mall traffic slows

Under Armour is to close stores and cut jobs – around 2% of the company's global workforce – as part of new plans to build a stronger and smarter company with faster go-to-market speed and greater dig...

BLOG

Agile logistics key to new hybrid retail world

US retail giant Walmart has topped a list of the fastest growing retailers thanks to its investment in ensuring it has the right balance between its online and brick and mortar operations....

just-style homepage



Forgot your password?