Danilo asks Obama to reconsider the agreement for textiles
He warned about the negative impact in the textile market of the DR-CAFTA countries
Diario Libre
SD. President Danilo Medina asked the government of the United States to consider maintaining in the Trans-Pacific Treaty of Economic Association (TPP) the integrity of the rule of origin for textile products and apparel because to the contrary, it would bring negative consequences for the textile industry of the signatory countries of the Free Trade Accord (DR-CAFTA).
In a letter sent to the United States President Barack Obama, on 27 November, Medina said that if this rule was not maintained, the products that come from a country such as Vietnam would have access to the United States market free of tariffs, while using materials from countries that are not part of the TPP, such as is the case of China.
The integrity of the rule of origin is established for textiles, with a limited list of short supply, as well as broad periods for tariff relief for the sensitive products of the area.
Medina suggested that the TPP, which brings together the United States with Mexico, Singapore, Peru, New Zealand, Malaysia, Chile, Brunei, Japan, Vietnam, Canada and Australia, could provoke changes in the direction and values of hemispheric commerce, and at the world level, if it grants certain special conditions.
The Dominican leader expressed his worry over economic and social instability which could be caused in the region, in case the supply chain of textiles and wardrobes as formulated in the DR-CAFTA is altered.
"This delicate balance, based in large part on the United States manufacturing of threads and cloth, and complemented by the production of clothes in our region, has been a determining factor in the strengthening and the increase in the competitiveness of the supply chain of clothing and textiles in the region. Moreover, it has contributed in large measure to the attraction of foreign investment in our region, permitting our industries to offer increasing aggregate value and greater job offerings, principally to women," said Medina in his letter.
Commerce
The textile industry in the United States underwent a record year of exports in 2012, with some US$23 billion, of which 70% was exported to the hemisphere, including the member nations of DR-CAFTA.
For 2012 the Dominican Republic represented the fifth largest export market for those products.
In a letter sent to the United States President Barack Obama, on 27 November, Medina said that if this rule was not maintained, the products that come from a country such as Vietnam would have access to the United States market free of tariffs, while using materials from countries that are not part of the TPP, such as is the case of China.
The integrity of the rule of origin is established for textiles, with a limited list of short supply, as well as broad periods for tariff relief for the sensitive products of the area.
Medina suggested that the TPP, which brings together the United States with Mexico, Singapore, Peru, New Zealand, Malaysia, Chile, Brunei, Japan, Vietnam, Canada and Australia, could provoke changes in the direction and values of hemispheric commerce, and at the world level, if it grants certain special conditions.
The Dominican leader expressed his worry over economic and social instability which could be caused in the region, in case the supply chain of textiles and wardrobes as formulated in the DR-CAFTA is altered.
"This delicate balance, based in large part on the United States manufacturing of threads and cloth, and complemented by the production of clothes in our region, has been a determining factor in the strengthening and the increase in the competitiveness of the supply chain of clothing and textiles in the region. Moreover, it has contributed in large measure to the attraction of foreign investment in our region, permitting our industries to offer increasing aggregate value and greater job offerings, principally to women," said Medina in his letter.
Commerce
The textile industry in the United States underwent a record year of exports in 2012, with some US$23 billion, of which 70% was exported to the hemisphere, including the member nations of DR-CAFTA.
For 2012 the Dominican Republic represented the fifth largest export market for those products.
Diario Libre
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