September-2009

 

Enter your keyword or phrase to search PTJ



 


 


 



 

 


 

 
 
 
 
 
 
 
 

Africa textile industry calls for an extension of US trade deal

African countries which export textiles and clothing to the United States are calling for an extension to a U.S. law which gives them favourable market access, said Jaswinder Bedi, Chairman of the African Cotton and Textile Industries Federation (ACTIF), which represents 17 countries.

AGOA has accorded duty and quota-free access for many sub-Saharan African nations' products such as textiles since 2000, but it is scheduled to expire in 2015, a deadline which Bedi said caused uncertainty, keeping potential investors away. The problem with a time-bound agreement is that it creates a lot of uncertainty and a lot of predictability issues, so the buyers don't want to really put up a fully-fledged.

U.S. Trade Representative Ron Kirk, the first black person to hold the post, attended the annual AGOA Forum which opens in Kenya's capital had made attention to African trade concerns a feature of his first few months in office. He is expected to tell West African nations that the United States can only cut cotton subsidies as part of a larger pact where developing countries like India and China open their markets to more U.S. cotton exports.

 


 
Copyright 2009 Ptj.com.pk Entries (RSS)  Design: PTJ Graphics