ISDS Case Map
textiles | garments
The garments industry may not see the benefits of the new Free Trade Agreement (FTA) with the US until early next year, said an industry leader.
After numerous stakeholder inquiries and intense media commentary, government has finally revealed how it intends to effect the textile and clothing agreement concluded with China in June.
As the US textile industry's Washington-based lobbyists continue with their efforts to get modifications in the US-Vietnam bilateral trade agreement, the National Council of Textile Organizations issued a statement saying Vietnam's textile and apparel imports to the United States are growing faster than those of any other country.
The Philippines has formally proposed to the US for a phased-in bilateral free trade agreement (FTA) starting out with the garment and textile sector in an effort to protect the country's advantages in this sector in the US market, which accounts for over 70 percent of the country's total garment exports.
Tanzania is likely to enter into a trade agreement with the Southern African Customs Union (SACU) allowing the East African nation to export textile and clothing material on preferential terms within the trading bloc's countries.
Industry plans for Australia's manufacturing, textile and clothing industries are not up for negotiation in a free trade deal with China, the federal government says.
Free trade negotiations between China and Australia are sensitive for both countries, Foreign Minister Alexander Downer said amid reports the cabinet is split over whether to abandon tariffs protecting Australia's clothing and motor vehicle industries.
Thai garment manufacturers are currently on tenter hooks as the US goes about concluding Free Trade Agreements with different countries having apparel and textile manufacturing bases.
While the machines on the factory floor whirred rat-a-tat-tat, textile maker Sergio de la Torre sat in his office and extolled what CAFTA will bring in the future: attention and foreign investment.
Malaysia's textile and garment industry is looking forward to a US-Malaysia Free Trade Agreement (FTA) to help boost exports.
