Textile Production Shows Increase
James A. Morrissey, Washington Correspondent
While saying a number of market considerations contributed to the improvement, officials of the American Manufacturing Trade Action Coalition (AMTAC) attributed much of the improvement to the imposition of new quotas in imports of Chinese textiles and apparel. AMTAC Executive Director Auggie Tantillo said, “While there are certainly other market factors at play, these increases suggest that the safeguard quota cases approved by the US government earlier this year and the finalization of an agreement to limit the growth of US textile and apparel imports from China have had a positive effect on the US textile industry.
Despite the recent improvements, this has not been a good year for US textile manufacturers. In the first six months of this year, the industry lost 26,000 jobs, and more than 20 plants were shuttered and imports from all sources have risen to more than 38 billion square meter equivalents - an increase of nearly 9 percent over 2004 at this time.