House Panel Adds Textile Provisions That Move GATT Nearer to Passage
WASHINGTON -- The GATT Uruguay Round advanced a step closer to Congressional passage Wednesday with the addition of tougher protections for the domestic textile industry against transshipping and additional foreign market opening provisions for U.S....
WASHINGTON -- The GATT Uruguay Round advanced a step closer to Congressional passage Wednesday with the addition of tougher protections for the domestic textile industry against transshipping and additional foreign market opening provisions for U.S. exports.
The House Trade Subcommittee unanimously agreed to forward its draft of implementing legislation for GATT to the full Ways and Means Committee, which could begin work on its version in July after Congress returns from its Fourth of July holiday. Acting committee Chairman Sam Gibbons (D., Fla.), said GATT would be considered as soon as the panel completes work on health care reform.
In another trade development Wednesday, a resolution to deny China its most-favored-nation status was sent to the full House with an unfavorable recommendation by the House Ways and Means Committee in a 31-6 vote. Also, Acting Committee Chairman Sam Gibbons (D., Fla.), said the panel would not consider a bill introduced by Rep. Nancy Pelosi (D., Calif.), House Majority Leader Richard Gephardt (D., Mo.), and Senate Majority Leader George Mitchell (D., Maine), that would deny the low tariffs granted under MFN to exports from Chinese government-owned factories.
By denying the plan to restrict China's trade benefits a hearing before the committee and consequently a floor vote, Gibbons is practically assuring that President Clinton's decision to extend China's trade benefits another year and to separate consideration of China's trade status from its human rights policies will not be overturned by Congress. While a House vote on a plan to deny China MFN is likely, an identical measure was rejected by the House last July in a 105 to 318 vote.
In the GATT deliberations, provisions sponsored by Rep. L.F. Payne (D., Va.) and accepted by the subcommittee would provide several benefits for the domestic textile and apparel industries.
The Commerce Department would be required to publish in the Federal Register the integration schedules for textile and apparel products. Once published, the schedules could only be changed by law. The Committee for the Implementation of Textile Agreements would be required to insure that integration of the most sensitive products would not occur until the end of the 10-year period phasing in the new liberalized world trade order under GATT.Chief Textile Negotiator Jennifer Hillman told subcommittee members the administration supported the provision because it would put certainty into the process of cutting trade barriers and allow manufacturers to make long-range plans.
Another Payne provision says that countries found to be transshipping textiles and apparel to the U.S. during the 10-year period could have their quotas adjusted to account for the circumvented goods. Also, countries through which goods are transshipped could have their quotas reduced.
As for market access, the draft legislation provides that countries that want to join the newly created World Trade Organization, such as India or Pakistan, would have to open their markets to U.S. textiles and apparel exports or face five possible sanctions.
Those sanctions would involve denied entry for goods that exceed yearly quota levels; reduced quota growth rates; denial of the tariff-free treatment under the Generalized System of Preferences; an investigation of unfair trade practices; or tariffs on textiles and apparel that are high priority for those countries would not be reduced until the end of the 10-year phase-in.
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews