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Obama's Plans for US Trade
Page 1
Retailers Focus on Expansion
Page 1
TGSD Support Anti-Dumping Duties
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Undercover
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February 1, 2011
Issue #282 The McPete Sez Lingerie Newsletter & Women's
Wear Journal
13/24
Intimate Apparel
Sleepwear-Daywear-Foundations-Loungewear-Hosiery-
Lingerie-Swimwear-Dancewear-Clubwear
Ready-to-Wear
Obama's Plans for US Trade
President Barack Obama has used his annual State of the Union Address to repeat his goal of boosting the
US economy by doubling the country's exports by 2014 and creating new jobs - including plans to complete
the long-awaited free trade agreement with South Korea.
"The more we export, the more jobs we create at home," he said.
"Recently, we signed agreements with India and China that will support more than 250,000 jobs in the
United States. And last month, we finalized a trade agreement with South Korea that will support at
least 70,000 American jobs.
"This agreement has unprecedented support from business and labor; Democrats and Republicans, and
I ask this Congress to pass it as soon as possible."
Currently, US exports to Korea face an average applied tariff of 11.2%, while the equivalent US
tariff on Korean exports is 3.7%. The US-Korea Free Trade Agreement (KORUS FTA) will level the playing
field, as nearly 95% of all goods traded between the two countries will become duty-free within three
years.
The President also pledged to enforce our trade agreements, and that I would only sign deals that
keep faith with American workers, and promote American jobs. That's what we did with Korea, and
that's what I intend to do as we pursue agreements with Panama and Colombia, and continue our Asia
Pacific and global trade talks.
As for two other long-pending free trade deals - with Colombia and Panama - he added: "Before I took
office, I made it clear that we would enforce our trade agreements, and that I would only sign deals
that keep faith with American workers, and promote American jobs.
"That's what we did with Korea, and that's what I intend to do as we pursue agreements with Panama and
Colombia, and continue our Asia Pacific and global trade talks.
But Obama also warned the US would not hesitate "to create or enforce commonsense safeguards to protect
the American people."
The moves to enhance the US' ability to compete in the global marketplace were applauded by the
American Apparel & Footwear Association (AAFA).
"US apparel and footwear industry workers and hard working American families stand to benefit from
these meaningful market opening agreements, not just with the Korea agreement, but also with the pending
free trade agreements with Colombia and Panama," said the trade group's president and CEO Kevin
Burke.
9/24
Retailers Focus on Expansion
US retailers say store expansion will be high on the agenda for 2011 as they put the recession behind
them and focus on growing their businesses at home and abroad, new research suggests.
The report from the National Retail Federation’s research and education arm, the NRF Foundation, and
tax and advisory firm KPMG says efforts begun during the economic downturn to
stabilize operating costs will also remain a priority in the year ahead.
The survey of 318 retail executives for the ninth annual ‘Retail Horizons: Benchmarks for 2010,
Forecasts for 2011’ report also found that retailers have identified mobile e-commerce or m-commerce as a
top focus.
“It’s quite obvious retailers are anxious to put the recession behind them and build upon their customer
service initiatives, enhance their mobile platforms and even grow their footprint,” says Katherine
Mance, executive director, NRF Foundation.
“As we move forward in 2011, retailers will strive to keep costs low, but will also continue to focus
on providing positive and unique shopping experiences for their customers.”
Fashion Photo
Melanie Jean models
VX Intimate
If
you would like more information about Fashion Photo or
would to be included in the McPete Sez Fashion
Photo
contact
Jerome at jerome@studiotime.us
Fashion Boosts eBay Sales
Fast-growing sales from its new fashion business
helped eBay to post an 18% surge in underlying full-year net income.
Revenues also recorded a double-digit increase as the company’s new fashion business outperformed the
market in the UK and Germany, and “performed well” in the US.
eBay said UK fashion sales were 10% above the UK market average for the category, with total sold
items up 25% by volume and 19% by value.
The retailer launched its eBay Fashion Outlet business in the UK in 2010 and has so far attracted
30 high street names and more than 180 brands, including Superdry, Firetrap and Ed Hardy.
“These results are the clearest indication to date that we have become a serious fashion player in the
UK,” said Clare Gilmartin, vice-president, eBay Europe.
6/24 Watch
Tia Lyn's NY Fashion Show with beautiful models of ALL SIZES!
Nonprofits Invest in Uganda's
Cotton Ginning
Acumen Fund and Root Capital, two nonprofit social investment and global venture firms, are investing
US$2.2m in cotton ginning in a formerly war-torn area of Uganda.
The money will go to Gulu Agricultural Development Company (GADC), to help the business to rebuild the
cotton industry in northern Uganda and help former refugees to regain their livelihoods.
GADC sources organic and conventionally produced cotton from about 42,500 smallholder farmers in the
area, and the investment will help the company to purchase seed cotton from local farmers in the
2010-11 growing season.
“GADC has great potential to bring renewed life to northern Uganda’s cotton industry and empower
thousands of small landholder farmers with the skills to compete in today’s global market,” said
Jacqueline Novogratz, CEO of Acumen Fund.
William Foote, founder and CEO of Root Capital, added: “This investment will help GADC create
livelihoods for thousands of people who lost everything to decades of violent conflict.”
4/24
TGSD Supports
Anti-Dumping Duties
The Turkish Clothing Manufacturers Association (TGSD) says delicate negotiations are under way to
ensure every part of Turkey's apparel industry supports a potential widespread introduction of
anti-dumping duties on clothing and textile imports.
These would be imposed on deliveries from countries not having free trade agreements with Turkey, which
excludes the European Union (EU), but includes many key emerging market suppliers, such as Bangladesh
and Cambodia. The aim would be to protect the country's clothing and textile manufacturing sector,
which is suffering from comparatively higher costs.
"It is a very delicate situation. We would like to reach an area of common ground between textile and
fabric importers, manufacturers and retailers as all parties have different interests," Mehmet
Kumbaraci, director general of the TGSD, said.
"There will be some evaluation over the next few weeks, and in accordance with EU rules and
ratifications [there will be] a 9-month transition period.
"There is no concrete decree or decision yet, as the government needs to make some judgments before any
clear steps can be taken. We will see the outcome in a matter of days or weeks."
He added that retaliatory action by countries facing higher import duties, such as Cambodia and
Bangladesh, was not an issue. "I believe in the free
market economy, and all parties are pushing for the right results."
Turkey's clothing and garment sector was badly affected by the financial crisis, with clothing
exports down 23% in 2009. The sector recovered in
2010, but was still 17% below 2008 figures and 10% down on 2007.
In 2010, ready-to-wear exports were estimated at US$14bn and US$6bn for textile exports, according to
the TGSD.
8/24 CLICK HERE to
watch Risque's Video on YouTube
Euratex & IAF Support
Texprocess
Two trade groups representing the textile and clothing industry in Germany have come out in
support of the Texprocess trade fair for processing textile and flexible materials, which makes its
debut in Frankfurt later this year.
The European Apparel and Textile Confederation (Euratex) and the International Apparel Federation
(IAF) will both be represented at the new event.
Euratex will use the fair to hold a meeting of its Technical Clothing Group and the European Technology
Platform, while IAF plans to hold its Board meeting and General Assembly there.
The event covers the entire value chain from pattern design and cutting, to textile processing, finishing
and logistics. Additional platforms include the
Network@Texprocess IT market place for software products, and the Source it! sourcing platform which
will bring together production companies and fashion labels from all over the world.
Texprocess takes place from May 24 to 27, 2011, alongside the Techtextil, International Trade Fair
for Technical Textiles and Nonwovens.
Snow Hurts UK's December
Retail Sales
The coldest December seen in the UK for 100 years hit retail sales growth during the month, with
official figures showing sales volume was flat with the year before.
But the volume of sales in predominantly non-food stores increased by 3.1% year-on-year, with rises
across all sectors the Office for National
Statistics said.
Between November and December sales volume in textile clothing and footwear stores fell by 2.0%.
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