NewsWhore
08-15-2007, 05:10 PM
The United States Trade Representative (USTR) has announced the easing of export requirements for textiles entering the US under the DR-CAFTA agreement. The announcement concerns the two-for-one mechanism that will allow a certain proportion of cotton cloth to be imported from any place on earth and used to manufacture pants that enter the US duty-free. The announcement was made by the USTR representatives, in the offices of the Ministry of Industry and Commerce in Santo Domingo. Everett Eissenstatt, the Assistant USTR for the Americas and Scott Quesenberry, the special textile negotiator at the USTR came to the DR in response to calls for a better deal from textile companies in Dominican industrial free zones that were hard hit by China's entry into the US market. As reported in Listin Diario and Diario Libre, the two-for-one option would allow companies to buy one quantity of cloth in the United States and twice that quantity in any other market.
The negotiators also agreed to allowing unlimited amount of cloth to be imported from Mexico, a signatory of the North American Free Trade Agreement (NAFTA).
More... (http://www.dr1.com/index.html#9)
The negotiators also agreed to allowing unlimited amount of cloth to be imported from Mexico, a signatory of the North American Free Trade Agreement (NAFTA).
More... (http://www.dr1.com/index.html#9)