1 / 18

SCLC/ECC Spring 2007 Meeting International Trade Update Stephen Lamar Exec. Vice President

SCLC/ECC Spring 2007 Meeting International Trade Update Stephen Lamar Exec. Vice President American Apparel & Footwear Association. Elections. Elections were NOT about Trade General dissatisfaction on economy (incl. trade) Trade dominant in several elections

hop
Download Presentation

SCLC/ECC Spring 2007 Meeting International Trade Update Stephen Lamar Exec. Vice President

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. SCLC/ECC Spring 2007 Meeting International Trade Update Stephen Lamar Exec. Vice President American Apparel & Footwear Association

  2. Elections • Elections were NOT about Trade • General dissatisfaction on economy (incl. trade) • Trade dominant in several elections • But Trade very much affected by Elections • New Congress MUCH more protectionist • Freshmen Dems • GOP no longer whipping from leadership • Trade not a priority • Pro Trade Democrats (New Dem, Blue Dog) • Chairmen Rangel and Baucus will be key

  3. How did we fare in 2006? • Two FTAs – Oman and Bahrain • Staggered CAFTA-DR Implementation • Trade Preference Programs • Haiti • AGOA • Andean • GSP • Vietnam WTO Accession • Misc. Tariff Bills • Port Security • No Schumer/Graham • Burma Sanctions Renewal (3-year)

  4. Trade Agenda for 2007 • Doha Round • TAA • CAFTA-DR Implementation • Vietnam Monitoring • Preference Program Implementation • Affordable Footwear Initiative • Pakistan ROZ • Annual Burma Sanctions Renewal • Trade/Labor • Pending FTAs • Peru • Colombia • Korea • Panama • Trade Promotion Authority (TPA) • China/Enforcement • Preference Programs • Andean • LDC • GSP • CBTPA

  5. Trade/Labor • Integral part of a Democrat trade agenda • A New Trade Policy For America • Three key labor concepts: • Internationally recognized labor rights • No derogation • Equally enforceable • Hidden agenda • Will big labor really support trade? • Big issues over whether this changes US labor laws • New Anti-Sweatshop push?

  6. Current and Future U.S. Free Trade Agreements • South Korea • Malaysia • FTAA • ASEAN • Middle East • Ecuador • SACU • UAE • Thailand • Japan • Israel • NAFTA • Jordan • Chile • Singapore • Australia • Morocco • CAFTA-DR* • Bahrain • Oman • Peru • Colombia • Panama *El Salvador, Honduras, Nicaragua, Guatemala, and DR only. Note: Peru, Colombia and Ecuador may be merged. Note: Oman approved by Congress but not yet entered into force. In force Under negotiationStalled/Downgraded Pending Regional InitiativesPotential

  7. FTA Issues • Peru and Colombia • Labor rights concerns • Environmental concerns in Peru • Human Rights concerns in Colombia • Andean expiration • Panama • Labor rights • Canal project • South Korea • Big agreement; huge priority • Controversy • Beef • Autos

  8. Doha Round • Launched Nov 2002 • Development agenda • Faltered July 2006 • Key issues • Agricultural issues • Subsidies • Market Access • Developing countries • NAMA • Textile mischief

  9. Trade Promotion Authority • Ability of President to negotiate trade agreements • Congressional power of attorney • Up or Down Vote • Consultation • Expires June 30, 2007 • No more FTAs or Doha Round until renewed.

  10. CAFTA-DR Status and Issues • El Salvador, Honduras, Nicaragua, DR, & Guatemala Have Implemented • Costa Rica Joining 1st Quarter 2008? • Cumulation Deal • Pocketing Deal • DR Trousers • Sock Safeguard? • Nicaragua TPL • Retroactivity • Regulations Published

  11. U.S. Apparel Imports from DR-CAFTA Region Source: OTEXA, U.S. Commerce Department.

  12. CAFTA-DR: Positive Signs • Investments Up • Nicaragua Apparel Imports Up • CAFTA Apparel Import Decline Flattening • US Yarn Exports Up • Individual Product Growth • Dresses 40 percent • PJs 167 percent

  13. What to Do About China? • - Huge budget deficit • - Vocal and active “blame China” crowd • - China Concerns: • - Labor/human rights • - IPR Issues (WTO) • - Currency • - Subsidies (WTO) • Politically popular to use trade remedies/safeguards • CVD Issues • Expect China legislation • - Wrapped up in “enforcement” debate

  14. A few words on Vietnam • WTO Accession – January 11, 2007 • Quota free on January 11, 2007 • Vietnam PNTR Approved • Anti Subsidy Safeguard • Expires January 10, 2008 (July 10, 2009) • Dole/Graham commitment • Monitoring • Review every 6 months • Earliest liability for AD duties – mid-August 2006 • Expires January 20, 2009 • Electoral Mischief? • Precedent for China?

  15. For the rest of the Bush Administration… • June 30, 2007 – Expiration of TPA • June 30, 2007 – Expiration of ATPDEA • December 31, 2007 – Expiration of TAA • January 10, 2008 – Expiration of Vietnam safeguard • September 30, 2008 – Expiration of CBTPA • December 31, 2008 – Expiration of China agreement • December 31, 2008 – Expiration of GSP • January 20, 2009 – Expiration of Vietnam monitoring

  16. Final thought

  17. Final thought

  18. Thank You American Apparel and Footwear Association 1601 N. Kent Street, 12th Floor Arlington, VA 22209 703-797-9041 slamar@apparelandfootwear.org www.apparelandfootwear.org

More Related