ITC ISSUES REPORT ON COMPETITIVENESS
OF FOREIGN TEXTILE AND APPAREL SUPPLIERS
China is expected to become the "supplier of choice" for most U.S. textile and apparel importers (large apparel companies and retailers) following the expiration of quotas under the Uruguay Round Agreement on Textiles and Clothing (ATC) in 2005, according to the U.S. International Trade Commission (ITC) in its report Textiles and Apparel: Assessment of the Competitiveness of Certain Foreign Suppliers to the U.S. Market.
The ITC, an independent, nonpartisan, factfinding federal agency, released a public version of the report today. The report is the result of the ITC's general factfinding investigation, Textiles and Apparel: Assessment of the Competitiveness of Certain Foreign Suppliers to the U.S. Market (Investigation No. 332-448), which was conducted at the request of the United States Trade Representative (USTR). A confidential version of the report was submitted to the USTR in June 2003.
As requested by the USTR, the report assesses the textile and apparel industries of certain foreign suppliers to the U.S. market with respect to their competitiveness and other factors pertinent to their adjustment to the final completion of the phaseout of quotas on January 1, 2005, as required by the ATC. The foreign suppliers covered by the report are significant ATC suppliers to the U.S. market, Mexico, and other supplying countries with preferential market access. Highlights of the report follow.
Textiles and Apparel: Assessment of the Competitiveness of Certain Foreign Suppliers to the U.S. Market (Investigation No. 332-448), USITC Publication 3671, January 2004) is available in the Publications section of the ITC's Internet site at www.usitc.gov. A CD-ROM version or printed copy may be requested by calling 202-205-1809 or by writing to the Office of the Secretary, U.S. International Trade Commission, 500 E Street SW, Washington, DC 20436. Requests may be faxed to 202-205-2104.
ITC general factfinding investigations, such as this one, cover matters related to tariffs or trade, and are generally conducted at the request of the U.S. Trade Representative, the Senate Committee on Finance, or the House Committee on Ways and Means. The resulting reports convey the Commission's objective findings and independent analyses on the subjects investigated. The Commission makes no recommendations on policy or other matters in its general factfinding reports. Upon completion of each investigation, the ITC submits its findings and analyses to the requester. General factfinding investigation reports are subsequently released to the public, unless they are classified by the requester for national security reasons.