More than two years after President Bush signed the Central American Free Trade Agreement, regulators are completing a tweak to the pact stipulating that pocketing fabric needs to come from one of the signatory countries if the imported apparel is to...
WASHINGTON — More than two years after President Bush signed the Central American Free Trade Agreement, regulators are completing a tweak to the pact stipulating that pocketing fabric needs to come from one of the signatory countries if the imported apparel is to get duty free treatment.
That means producers making U.S.-bound trousers and jackets in El Salvador, Honduras, Nicaragua, Guatemala and the Dominican Republic — Costa Rica held a referendum on Sunday in which voters appeared to have narrowly approved the pact — need to make sure they're using CAFTA-made pockets if they want to keep their duty breaks.
As often happens when business plans meet changes in trade policy, timing has become an issue. It is not clear when trousers are going to be required to have native pockets to avoid duties that reach almost 17 percent for many kinds of cotton trousers and approach 30 percent for most man-made fiber trousers.
The pocketing change requires a variety of legislative changes and actions among CAFTA countries. The U.S. will be ready to move forward in November, said Scott Quesenberry, special textile negotiator in the office of the U.S. Trade Representative.
"We're hoping that the other countries are on the same time line," he said. "We don't know exactly when each country will be done with their legislative process."
Once all the countries have made the necessary changes, President Bush would have until the end of this year to issue a proclamation implementing the policy.
"We hope to give the industry as much notice as possible," said Quesenberry, who is also working to finish up other revisions, such as allowing Mexican materials into the CAFTA fold.
The more information the government makes available on when the change will take place, the better, said Stephen Lamar, executive vice president of the American Apparel & Footwear Association.
"You need to be looking at your supply chain right now to understand what these changes are going to mean to you," Lamar said.
An investigation, published last month by the U.S. International Trade Commission, found the rule change "may help to slow the decline in existing domestic production and exports of [pocketing] fabric to the DR-CAFTA region...and possibly help slow the growth in U.S. imports from Chinese and other low-priced Asian suppliers," although an overall minimal impact was expected.The commission said the U.S. produces $80 million to $200 million worth of pocketing annually, almost all of which is exported to CAFTA countries or Mexico.
“What he has done at Vuitton is really exceptional,” said @gameofthrones’ actress Gwendoline Christie on @mrkimjones’ final show for @louisvuitton. “He has rebooted luxury in terms of making it commercial, viable and contemporary. And most importantly artistic. He has never compromised his artistic vision for the sake of commodity.” (📷: @zefashioninsider)
After seeing a demand for men’s wear from its customers, British contemporary women’s wear label @ariesarise has added a men’s wear component and will launch a unisex collection with @mrporterlive. The 20-piece collection includes jackets, denim, logo T-shirts and more with deconstructed ‘90s vibes. Set to launch on January 18, you can shop the pieces on Aries’ website and on mrporter.com. #wwdfashion
“And so spending so much time with a character who thinks like that, inevitability you try and analyze yourself and go back and think about your own demons and dark chapters that you had in your life,” says @thedanielbruhl of his role in TNT’s “The Alienist.” The show, set in the Gilded Age of New York, also stars Dakota Fanning and Luke Evans. Head to WWD.com to read about how 39-year-old Brühl prepared for the role and why he thinks the show is so relevant to today #wwdeye ( 📷: @Eriktanner)
Now that Celine Dion’s collection has topped $10 million in sales, the pop superstar, fashion icon and newly-minted industry player is eyeing growth in Asia. Read the full report by @tiffanyap, link in bio. #wwdnews #celinedion
“My personal philosophy to beauty is paying attention to oneself. I love to be outdoors, lots of fresh air, trying to take care of yourself as best you can. I always notice that comes through,” says Felicity Jones, the global face of @shiseido-owned @cledepeaubeauteus, which launches today. Head to WWD.com to read more about the actress’ love for beauty and how she prepared for her new role in “The Basis of Sex,” playing the young Ruth Bader Ginsburg. #wwdbeauty (📷: @dandoperalski)
Among the familiar faces at @off____white’s show was a surprise figure: Japanese artist @takashipom, pictured here on Wednesday morning. Other show-goers included @jerrylorenzo, who spoke about his upcoming project: a @nike collaboration for back to school, with designs inspired by his childhood on the West Coast. Sitting in the front row were Future, Don Crawley, @miguel and more. See the rest of the photos on WWD.com #wwdeye (📷: Stephane Feugere)
According to @laurentsai, former “Terrace House: Aloha State” cast member, she didn’t know she was auditioning for the Japanese version of “Real World.” “I was telling a couple of my friends and someone’s like, ‘That sounds a lot like Terrace House.’ I was like, ’No it can’t be.’” Turns out, it was. But Tsai isn’t just a reality star — she’s an illustrator who has worked with Starbucks Japan and most recently, she’s dipping her toes into the fashion world. Head to WWD.com to read about her time on the show, modeling and her art. #wwdeye (📷: @danieldorsa)
More changes are coming to New York Fashion Week: Beginning with the spring 2019 collection, @alexanderwangny will move his New York show to June from September, adopting a biannual schedule with collections shown in June and December. Additionally, the @cfda is planning for an official summer/winter fashion season taking place as soon as June and December 2018. Read more about the upcoming changes on WWD.com. #wwdnews #wwdfashion (📷: @slovekinpics)