IMPORT & EXPORT
By Alison A. Nieder | May 21, 2015
Members of the Pacific Maritime Association (PMA), which represents shipping lines and terminal operators, and International Longshore & Warehouse Union, which represents Longshore workers, voted to ratify a new five-year contract.
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.
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.