LUCKY DAY: To encourage New Yorkers to spend their holiday money in Lower Manhattan, Lucky magazine will hold a holiday shopping event on Saturday from 10 a.m. to 2 p.m. at the TriBeCa Grill, 375 Greenwich Street in New York. “Gifts With Purpose,” which will be open to the public, features the best of downtown — fashion, beauty, food and home. The event will support struggling retailers from Chinatown, the Financial District, TriBeCa, Little Italy and NoLIta, whose businesses are off by 30 to 60 percent. All items are handpicked and bought by Lucky editors, and the proceeds of the sale will be donated to the Downtown Alliance.
OCEAN’S 11: The Office of the U.S. Trade Representative has formally given the African nation of Namibia the green light to ship apparel to the U.S. quota and duty free. Namibia is the 11th country to qualify for apparel benefits under a trade measure passed last year by Congress covering sub-Saharan Africa and the Caribbean Basin.
CHINA CHARGES: The Committee for the Implementation of Textile Agreements is expected to announce today that it has directed U.S. Customs to charge alleged illegal transshipments of Chinese goods against China’s 2001 quotas. The charges, valued by one U.S. trade official at $28 million, are against 11 quotas, including knit shirts, woven shirts, sweaters, trousers and underwear. Consultations between the U.S. and China were held Dec. 6-7. Only one category, cotton underwear, will be immediately embargoed until the end of the year.
CITA APPROVES RAYON: The Committee for the Implementation of Textile Agreements has approved a request for the use of non-U.S. rayon filament yarn under both the African Growth & Opportunity Act and the Caribbean Basin Trade Partnership Act. The short supply provision allow garments made of non-U.S. materials to qualify for duty-free status if they are not commercially available in the U.S. ICF Industries filed the request on behalf of a group of 13 domestic textile producers.