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May 07 2012

NRF Applauds Bipartisan Senate Letter Calling for More Flexible Textile and Apparel Trade Rules

NRF Applauds Bipartisan Senate Letter Calling for More Flexible Textile and Apparel Trade Rules

WASHINGTON — The National Retail Federation today applauded a bipartisan letter from fifteen members of the Senate that urged President Obama to support more flexible trade rules on textile and apparel goods in the current negotiations on a Trans-Pacific Partnership free trade agreement. The letter follows a similar bipartisan communication to the President from thirty Members of the House last October that urged U.S. trade negotiators to reconsider its support for restrictive rules limiting textile and apparel trade based on the so-called “yarn-forward” rule of origin.

“We are reaching critical mass to reform the onerous yarn-forward rule, which protects one industry at the expense of consumers, retailers, and the promotion of new trade, investment and economic growth,” NRF Vice President and International Trade Counsel Erik Autor said.