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U.S. Textile Production Update

UPDATE on U.S. Textile Industry & Trade Policy in Washington Cass Johnson Eurocoton Annual Meeting 2011. U.S. Textile Production Update. Fiber consumption – up 7% Broadwoven fabrics – up 2.0%; apparel fabrics up double digits (carpet down 23%) Knit fabric – up 24.7%

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U.S. Textile Production Update

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  1. UPDATE on U.S. Textile Industry & Trade Policy in WashingtonCass JohnsonEurocoton Annual Meeting 2011

  2. U.S. Textile Production Update • Fiber consumption – up 7% • Broadwoven fabrics – up 2.0%; apparel fabrics up double digits (carpet down 23%) • Knit fabric – up 24.7% • Yarn production – up 7.0% (cotton 16.2%; mmf 3.2%) • Shipments – up 9.1% - All Still Below 2008 Levels - • Corporate Profits: 3.9%/net sales (highest in 10 years) • BCG Study & Others: U.S. Manufacturing Renaissance?

  3. Textile Trade Trends • “Good Apparel Imports” – use mostly U.S. fabric and yarn – at 14.9%, still below 15.9% in 2008 but growing. Volume up 14.4% so far this year. • China DOWN .5% YTD - was up 20% last year – 41% of U.S. apparel market ; long term trend neg. • Vietnam, Bangladesh, Cambodia growing rapidly – but also Guatemala, El Salvador & Nicaragua • New interest in sourcing in Western Hemisphere/Magic Show • U.S. textile exports up 18%, now exceed 2008 levels ($20.6 billion).

  4. Trade Policy in Washington PANAMA (signed 2006) Colombia (signed 2006) Andean (expired) TAA (expired) GSP (expired) Budget Deficit Korea (signed 2007)

  5. CONGRESS Trade Issues • Customs Enforcement – TESA • KORUS • Customs (Labuda) & Tariff Phase-outs • First major grassroot campaign in 20 years • Petitions – 26,000 – www.ncto.org • Call in campaign last week: 3,500 calls • Implementing legislation • Precedent for TPP/Vietnam

  6. Administration Issues • Trans Pacific Partnership/Vietnam • Non Market Economy/Vinatex • 2nd Largest Apparel Exporter • Key Decisions Ahead • Rule of origin • Customs rules • Tariff Phase-Outs • Specific Vietnam Provisions • DOHA ROUND – Bye Bye DOHA – LDC issue • India Cotton Restrictions

  7. Thank You. Cass Johnson cjohnson@ncto.org

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