NCTO Supports TPP
The National Council of Textile Organizations endorsed the Trans-Pacific Partnership, in part, because of provisions they say will buttress a stable supply chain, as well as a “strong yarn forward” rule of origin for most textiles and apparel, and “reasonable”…
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multi-year phase-outs for the most sensitive of those products, NCTO said Jan. 21 (here). The association said it has “determined” that TPP will meet these principle objectives. “Yarn forward” requires that all textile and apparel products be made using yarns from TPP countries, but a “short supply” list under the agreement would allow fabrics, yarns, and fibers that are unavailable in these nations to be sourced from non-TPP countries. “No agreement is perfect, and certainly that is the case with TPP,” NCTO Chairman Jeff Price said in a statement. “There were difficult trade-offs that we, as U.S. manufacturers, had to consider during this process, as is the case with any complicated negotiation. Nonetheless, this agreement is very sound in the essential elements that govern textile trade.”