29/06/2011

Duty-Free Apparel Imports from the Philippines Goal of New Senate Bill

Sens. Daniel Inouye, Daniel Akaka, Roy Blunt and Harry Reid have introduced legislation that would allow duty-free imports of apparel manufactured in the Philippines with U.S. fabrics. According to a joint press release,the Save Our Industries Act is patterned after DR-CAFTA, which permits duty-free imports of apparel assembled in signatory countries in return for using cotton and manmade fiber fabrics still made in the U.S.

By providing U.S. textile companies a new opportunity to export fabrics into the Asia-Pacific market, the press release said, the bill “has the potential to create upwards of 2,000 jobs in the U.S. fabric mill sector while spurring an incentivized export market for the U.S. textile industry.”

U.S. Customs and Border Protection has concluded that the bill can be administered and enforced, and the Philippine Department of Trade and Industry has reviewed and agreed to all customs enforcement provisions.

To view the complete press release click on the following link.

New Senate Bill Press Release