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The National Textile Association Urges "No" To Vote On The Korean Free Trade Agreement.

2011/10/11 9:48:00 43
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Textile Association Urges Trade Agreement

The National Textile Association (NTA) has joined the AFMA, the AMTAC, the NCTO and the USIFI Institute, urging the government to make free trade with the US.

trade agreement

("KORUS") the government said "no".

The agreement was submitted in October 3rd.

congress

The house and Senate are expected to vote in October 12th.



There are three main reasons why the US textile industry strongly opposes the Korea US agreement.



The agreement is conceptual.

defect

The terms of the agreement are not conducive to the development of key industries, such as the textile industry, and the textile and clothing regulations in the agreement can not be fully implemented.



Textile industry caused by agreement

Worried

Therefore, after 7 years of implementation, these problems will lead to 40000 jobs lost in the United States.



If Congress seriously considers creating employment opportunities, then through trade law enforcement measures, such as the stalemate anti manipulation monetary law, it will be more targeted to strengthen the US "buy American" law and eliminate the trade distortions caused by the foreign border adjustment tax.


 
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