US Textile Manufacturers Export To Countries That Sign Free Trade Agreements With The US.

The US National Textile Organization Committee told government officials that members of the Commission strongly supported President Obama's national export plan, but they said that if the goal of doubling exports was to be achieved in the next five years, the US government must take action in four key areas.

In a letter to the trade and promotion co ordination Committee, NCTO chairman Cass Johnson said that because exports exceeded $12 billion a year,

It is already the third largest export industry in the world, but if it changes its main policies and plans, he believes that the export target is expected to increase from $12 billion to $24 billion, and it is clear that it is just around the corner.

However, it depends entirely on some important steps taken by the United States and other governments.

For example, he must try to find ways to improve export financing.

Noting that the textile industry in the United States is very difficult to finance through private lending and the export and Import Bank of the United States, Johnson appealed to amend policies to make interested exporters.

Easier to finance.

Although some of the exports of American textile manufacturers are exported to countries that sign free trade agreements with the United States, such as the North American Free Trade Agreement and the free trade agreement between Central America and the Republic of Dominica, the import and export bank believes that most of these countries are high-risk countries with high cost of insurance.

NCTO believes that the import and Export Bank of the United States needs to relax the policy of determining high risk. When determining risks, special considerations should be given to the export to partners of the free trade cooperation zone. If exporters can prove that the import into the US market is a different product, then the risk should be "the final destination country", that is, the United States.

NCTO also appealed for the elimination of subsidies, including currency manipulation in western hemisphere countries that compete with US exports.

Johnson said: "in today's highly competitive world, the unfair competition environment is right.

The biggest obstacle is the provision of subsidies overseas for textile and clothing trade, while the US government does not value them. "

He referred specifically to China's manipulation of exchange rates.

He said that the price advantage reached 20-40%, and he listed 63 other subsidies for China's textile and garment industry.