Textile And Apparel Groups Weigh In On Honduran Political Crisis
James A. Morrissey, Washington Correspondent
A coalition of US textile and apparel manufacturers and importers has weighed in on the political
crisis in Honduras with a letter to President Barack Obama urging him to do "everything possible"
to maintain commercial ties that have been beneficial to their industries and consumers.
The letter says Honduras is a "valued member" of the Central America-Dominican Republic Free Trade Agreement, and has significant and growing trade with US manufacturers. Pointing out that Honduras is the third-largest market for US textile exports and the fourth-largest supplier of apparel to the US market, the coalition said Honduras holds "particular importance for the US textile and apparel supply chain."
The coalition says predictability and stability are "absolutely critical" to US companies, and that one of the keys to predictability is for the United States to maintain secure bilateral and regional economic relationships.
The letter was signed by seven organizations that rarely are in agreement on trade issues - the American Apparel & Footwear Association, Emergency Committee for American Trade, National Council of Textile Organizations, National Retail Federation, Retail Industry Leaders Association, US Association of Importers of Textiles and Apparel, and US Chamber of Commerce.
July 14, 2009