Friday, October 22, 2021

Logo Central America Link

Cafta implements changes in textile rules to face the Challenge from Asia

Monday, March 7, 2011

On February 23, the Office of the United States Trade Representative announced a number of changes to the Central America Free Trade Agreement (Cafta). These changes will advance regional trade and economic integration in the textile and apparel sector to face the challenge of competitors in Asia.

Among the changes of particular significance is the clarification that certain monofilament sewing thread is now required to originate or be produced in the United States or the Cafta region in order for goods to qualify for preferential tariff treatment.

Original source: United States Trade Representative (press release)