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Study Shows Benefits Of Yarn-Forward CBI Trade Legislation

The American Textile Manufacturers Institute (ATMI), Washington D.C., has announced the results of study conducted by Nathan Associates, Arlington, Va., on the U.S.-Caribbean Basin Trade Enhancement Act, S. 1389. According to the study, the yarn forward U.S.- Caribbean Basin Trade Enhancement Act, S. 1389, which was recently approved by the Senate Finance Committee, would increase U.S. textile shipments by $8.8 million and increase U.S. textile and textile-related employment by 121,400 by the end of five years.This legislation, if passed, would double the benefits that an alternative regional knit fabric proposal would provide.The results of this study show the very strong and direct positive impact of the yarn-forward 807A/809 Senate Finance Committee legislation on the U.S. textile production and jobs. This legislation alone would boost our textile shipments by 11 percent, said Doug Ellis, Southern Mills Inc., Atlanta, ATMI president.Our key objective in supporting an enhanced Caribbean trading agreement is to help the United States continue its trend of displacing apparel imports from the Far East and bringing apparel production back to the Western Hemisphere. The legislation will significantly enhance trade between the United States and the countries of the Caribbean Basin Initiative.According to the report, U.S. textile exports to the Caribbean would increase by $11 billion over five years, while other U.S. textile shipments to U.S. apparel manufacturers and other export markets would decline by $2.2 billion, if the yarn-forward CBI trade enhancement bill is passed.The study also determined that direct U.S. textile industry employment would increase by 63,100 jobs, with related employment increasing by 58,300 jobs.The report also studied the economic effect of an alternative version of the bill that would include a regional knit fabric provision. The regional fabric provision would give duty-free and quota-free treatment to apparel


  November 1999




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