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Tariffs would undermine U.S. Cotton

trade with China

The NCC seems to be seriously concerned about GAIN Report, cotton has been listed among
that China’s announcement of significantly higher multiple U.S. agricultural products that could
proposed tariffs on U.S. raw cotton shipped to that potentially be hit with higher tariffs from China --
country would significantly harm the economic specifically an in-quota tariff that would increase
health of the U.S. cotton industry. According to the from one percent to 26 percent. Following the
official sources the National Cotton Council is announcement, the cotton market reacted accordingly
concerned that China’s announcement of – almost limit down on nearby contracts.
significantly higher proposed tariffs on U.S. raw
cotton shipped to that country would significantly The GAIN Report noted that China's proposal of
harm the economic health of the U.S. cotton industry. retaliatory tariffs on selected U.S. agricultural
products is in response to the recent U.S. proposed
For the current 2017 crop year, China stands as the tariffs on Chinese imports resulting from the Section
second largest export market with purchases of 301 investigation into the forced transfer of U.S.
approximately 2.5 million bales of U.S. cotton. "I technology and intellectual property.
cannot overstate the importance of China’s market
to U.S. cotton farmers and the importance of U.S. Craft said the NCC strongly encourages the two
cotton in meeting the needs of China’s textile governments to engage in immediate discussions
industry," NCC Chairman Ron Craft said. "The "that can resolve trade tensions and preserve this
cotton industries of the United States and China long-term collaborative relationship. The U.S. cotton
enjoy a healthy, mutually beneficial relationship." industry stands ready to assist the U.S. government
and our trading partners in China to find a
Textile buying companies
According to the USDA Foreign Agriculture Service resolution to this damaging trade dispute.”

propose national compliance center

The foreign textile buying companies has recently facilities through a one-window facility.
Denim Première Vision to suggested the government to set up a central compliance According to the buyers a national compliance centre
center in Pakistan in order to improve manufacturers’
compliance with social standards which is a key
may be set up which coordinates the improvement of
unveil new Denim Collection determinant to clothing imports from the country. compliances on cooperative model to improve social
compliances by the manufacturers, which are
Commerce Division of commerce ministry and Trade
Development Authority of Pakistan hosted the first increasingly becoming an important critical
determinant of sourcing decisions. Ministry of
The denim supply show will exhibit new denim collections at Parc Floral in Paris. For the first time Designer buying and sourcing houses symposium in which a commerce has been in the process of formulation of
Lutz Huelle has been elected to take charge of the Denim Trends Area. large number of representatives from foreign buying strategic trade policy framework for the period
houses, including Ikea, H&M, Marks and Spencer 2018-23 and the objective of the symposium is to
The event also includes an inspirational seminar dedicated to autumn winter 2019 – 20 denim fashion trends and Inditex participated. consult the buying and sourcing houses for the policy
and on the second day spring/summer denim fashion trends will be in focus. The exhibitors will also be formulation. The information is provided by the official
communicated initiatives of responsible production and creation and will be demonstrated a special area, The buying houses, sharing proposals to make sources. The Gov. has showed hope on textile
the Denim Smart Square, through the Smart Creation Programme. Pakistan an attractive destination for sourcing by the exports, which account for more than 60 percent of
international buyers, said the government may the country’s total annual exports, to give impetus to
Denim Première Vision will also be hosting a master class on the theme, The Future Is Bright. consider setting up sourcing parks to ensure all the country’s exports.

April/May 2018 April/May 2018