TradeNews

TPP 11 Takes Another Major Step Forward in Moving on Without US

The agreement formerly known as the Trans-Pacific Partnership has been resurrected and it now goes by the name Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

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Miscellaneous Tariff Bill Introduction Could Mean Major Duty Reductions for US Companies

The introduction of the Miscellaneous Tariff Bill Act of 2017 in the congress was lauded by the American Apparel & Footwear Association for its provisions that would temporarily reduce or suspend duties on certain American imports.

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Bangladesh Gets $457 Million in World Bank Financing to Aid Garment Industry and Infrastructure

Bangladesh is getting a financial boost from the World Bank to improve infrastructure and obtain long-term financing for industries ranging from container terminals to the garment industry.

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US Reaffirms China’s Non-Market Economy Status—What it Means

The National Council of Textile Organizations lauded the administration’s determination this week reaffirming China’s non-market economy status for antidumping purposes and called for aggressive U.S. enforcement to crack down on unfair trade practices.

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Commerce Department Finds Unfair Subsidies on Polyester Fiber from China and India

The U.S. Commerce Department, in preliminary determinations in countervailing duty investigations, found that exporters of fine denier polyester staple fiber from China and India received unfair countervailable subsidies from those countries.

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Myanmar’s Garment Industry is on a Growth Path

Myanmar is starting to get more attention and investment in the garment manufacturing sector, despite some persistent political and labor strife.

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Pakistan and India Take Divergent Paths on Duty Drawbacks, but Prices to be Impacted

In order to promote exports, Pakistan’s Economic Coordination Committee has approved a proposal that 50 percent of the export package incentive for eligible textile and non-textile sector.

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