New benefits for textile sector from FTA with the U.S.A.

Starting August 15 the textile sector will have at its disposable new mechanisms to take greater advantage of the Free Trade Agreement with the United States.

Wednesday, August 13, 2008

Recent modifications to CAFTA offer new benefits to textile companies.
The first is the Textile Accumulation with Mexico and the US which will allow the private sector to produce garments with certain fabrics made in the United States and then export them to Mexico while still enjoying preferential tariffs, explained Ingrid Burgos, representative Textile Industry Chamber (Camtex).

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Amendment to DR-CAFTA on Textiles Approved

August 2012

The amendment relates to technical details regarding the rules of origin related to spandex or lycra fabrics, thread, and pajama pants.

A package containing technical changes to the rules of origin for textiles was ratified by the House of Representatives of the United States.

Adjustments to CAFTA-DR

February 2011

The Dominican Republic, Central America and the U.S. agreed to make adjustments in agriculture, sanitary standards, textiles and disputes.

During the meeting held in El Salvador, government representatives began the meeting by reviewing developments in trade and investment.

FTA between Costa Rica and the US comes into effect

January 2009

Since yesterday 99% of Costa Rican exports will enter the US market tariff-free.

According, "the United States is Costa Rica's main trading partner and buys half of its exports at over 9 billion dollars annually; however demand could fall due to the financial crisis that is affecting the US economy.

Free Trade spurs sales of Accesorios Textiles S.A.

June 2008

Accesorios Textiles S.A. invested 1.5 million dollars to provide labos to manufacturers of garments sold in the United States under the free trade agreement.

This Guatemala company is an example of the multiplier effect of free trade. Since the middle of 2006, when the agreement went into effect, it has invested more than 1.5 million dollars to buy machinery, expand facilities, and hire personnel to diversify its production.

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