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NCTO endorses USMCA
Organisation urges swift congressional passage
11th December 2019
Innovation in Textiles
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Washington, DC
© Keagan Henman on Unsplash.
The National Council of Textile Organizations (NCTO), representing the full spectrum of US textiles from fibre though finished sewn products, welcomes the deal on the U.S.-Mexico-Canada Agreement (USMCA) between the administration and House Democrats and urges the administration and Congress to get the deal across the finish line.
“We are happy to hear a deal has been reached that should help pave the way for USMCA to move forward and we will continue to work for Congressional passage on a clean bill,” said NCTO President and CEO Kim Glas.
“The new USMCA makes several improvements that would greatly benefit the U.S. textile industry and bolster our $20 billion in annual trilateral textile and apparel trade,” Glas added. “U.S. textile exports alone to Canada and Mexico—the industry’s top two export markets—totalled $12 billion last year, underscoring the importance of the trade deal to the industry’s Western Hemisphere supply chain as well as its growth and investment in the U.S.”
The USMCA updates and modifies the North American Free Trade Agreement (NAFTA) and makes significant improvements, including:
NCTO is a Washington, DC-based trade association that represents domestic textile manufacturers, including artificial and synthetic filament and fiber producers.
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