The leading lobbying group of councils, organizations and business groups dedicated to the survival and prosperity of the US textile sector, the National Council of Textile Organizations (NCTO) voted to support the Dominican Republic-Central American Free Trade Agreement (DR-CAFTA). Allen Gant, chairman of NCTO, issued the following statement on behalf of the Board of Directors.
“NCTO recognizes the strong and important ties between the domestic industry and the DR-CAFTA countries. The DR-CAFTA region is a very important part of the domestic industry’s supply chain and we need this DR-CAFTA to ensure that the US textile industry can remain competitive against China. The US textile industry exported more than US$5 billion a year in yarns, fabric and component parts to the region last year. Advocates of DR-CAFTA say that the agreement benefits the US textile industry because regional apparel makers rely on US yarn and fabric while the Chinese manufacture all their inputs.
See http://www.ncto.org/newsroom/pr200518.asp