IMPORT & EXPORT
By Deborah Belgum | March 6, 2014
One nugget of good news for apparel and textile importers is that shipping rates along the Asia–to–Los Angeles route should remain at bargain-basement prices for the next few years.
The World Trade Organization has downgraded its forecast for trade growth in 2013 and 2014, due primarily to the ongoing recession in Europe.
It was a tale of two ports when the tally for cargo-container volumes came in last month.
According to a recent National Retail Federation report, merchandise imports at the country’s major ports will be up 5.1 percent in September and 9 percent in October compared with last year.
Customs considers pockets below the waist or any type of tightening at the bottom to be “non-blouse” features. Adding pockets to a blouse can allow an importer to take advantage of the lower duty rate. Adding elastic, a drawstring, rib knitting or other tightening element to the bottom of a blouse will similarly lower the duty rate on a blouse.
The Holiday season means more business for the nation’s port in the next few months.
While the nation’s ports haven’t seen much cargo traffic lately, that should change around October, when retailers push to get last-minute merchandise in for the Holiday season.
The Back-to-School season was just one of the reasons U.S. retailers brought in more apparel and textile goods compared with last year.
The Obama administration made it official. Goods made in Burma, now called Myanmar, may be imported into the United States, except for rubies and jade, whose mining is controlled by the central government.
More than 20 years after it was instituted, the Andean Trade Preference Act may be headed for the bone yard.
When the European Union added an additional 26 percent duty on the import of women’s denim jeans from the U.S., the action caught many of the high-end denim manufacturers in the Los Angeles area off-guard.
A U.S. government program designed to boost apparel production in the Dominican Republic and bolster U.S. fabric exports to that Latin American country fell short of expectations last year.
In anticipation of the Trans-Pacific Partnership proposed trade agreement, spandex producer Hyosung will unveil a newly expanding facility in Nhon Trach, Dong Nai, Vietnam, beginning late summer.
The first six months of this year barely saw an increase in cargo-container volumes coming through the nation’s major ports.
A Los Angeles businessman found guilty of smuggling Chinese-made clothing into the United States is scheduled to be sentenced on Sept. 9 in federal court.
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