During consideration of TPA legislation, attempts were made to renew or extend TPLs for Nicaragua, Bahrain and Morocco. TPLs were one-time concessions made by the U.S. as part of the free trade agreements signed with each country. Through NCTO’s leadership, all TPL amendments were defeated.
The U.S. textile industry opposes trade agreements and initiatives that give countries that unfairly subsidize their export sectors more access to the U.S. market.
The U.S. textile industry is the third largest exporter of textile products in the world. Exports of all textile products were nearly $18.3 billion in 2014. Total textile and apparel exports were a record $24.4 billion in 2014. Nearly two-thirds of U.S. textile exports during 2014 went to our Western Hemisphere free trade partners. The U.S. textile industry exported to 199 countries, with 25 countries buying $100 million or more a year.
NCTO applauds both the Senate Finance Committee and the House Ways and Means Committee for reporting out a clean TPA bill – The Bipartisan Congressional Trade Priorities and Accountability Act of 2015. In addition, NCTO is appreciative that accompanying legislation did not include provisions damaging to domestic job growth, manufacturing, and the U.S. textile industry as a whole. NCTO encourages both the House and Senate to swiftly pass these bills without additional amendments that would adversely impact U.S. textile manufactures.