IMPORT & EXPORT
By Deborah Belgum | November 13, 2014
Apparel importer Ashok Kumar is patiently waiting in Los Angeles for six to eight containers of sweaters and jackets to arrive by boat from Asia to stock his various clothing stores in downtown Los Angeles.
During the first half of this year, cargo-container activity at the nation’s ports is expected to inch up 4.3 percent over last year, according to the recently released “Global Port Tracker” report, prepared every month for the National Retail Federation.
After more than a decade running his own customs consulting business in Los Angeles, Tom Gould is joining Sandler, Travis & Rosenberg, a law firm that regularly advises apparel and textile companies in California.
If cargo container volume at the nation’s ports is any indication, 2014 should be a good year for retailers.
Apparel production in the United States saw an 8.5 percent jump in 2012 over 2011 as American shoppers focused more on buying domestically made clothing.
The United States has free-trade agreements with 20 countries. But if it finishes up negotiating two major free-trade accords with Europe and countries around the Pacific, it will have free trade with another 34.
Consumers loosened their purse strings this year and spent nearly 3.5 percent more on apparel and textile imports than last year.
At a time when the Obama administration has been trying to boost U.S. exports overseas, Europe this spring put a crimp in the president’s initiative.
Texworld USA, the biannual fabric show in New York, has struck a partnership with Tradegood, the online B2B sourcing site founded by Intertek.
Law firm Sandler, Travis & Rosenberg has won a ruling in the United Kingdom that exempts Los Angeles–based Hudson Clothing from paying a steep 38 percent tariff on its women’s premium denim jeans made in the United States.
Gary Lee Moore has stepped in as the interim executive director of the Port of Los Angeles, replacing Executive Director Geraldine Knatz, who earlier announced she would be retiring at the end of the year.
When the U.S. Association of Importers of Textiles & Apparel was launched in 1989, the United States had only one free-trade agreement and apparel was made mostly in this country.
Currently, the United States is negotiating two free-trade agreements that could boost U.S. textile exports to other countries but reconfigure sourcing patterns for apparel manufacturers around the world.
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.