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Hosiery Sector Files Safeguard Petition

US sock manufacturers have become the latest domestic textile producers to seek relief from surging Chinese imports. The Domestic Manufacturers Committee (DMC) of The Hosiery Association, Charlotte, joined by the American Manufacturing Trade Action Coalition, Washington; the National Council of Textile Organizations, Washington; and the National Textile Association, Boston, have filed a safeguard petition with the US Department of Commerce requesting quota limits on Chinese sock imports.

Such imports grew from less than 1 million dozen pairs in 2001 to 22 million dozen pairs in 2003, while their average wholesale price dropped from $9.00 to $4.15 over the same period. US sock production decreased from 207 million dozen pairs in 2001 to 166 million dozen pairs in 2003, and domestic market share has dropped from 76 percent in 1999 to 40 percent currently. "The US sock industry is the most competitive sector of the US apparel industry we have left," said Charles Cole, chairman, DMC. "We have a very compelling case for quota relief and expect the most stringent possible quota limit to be imposed on Chinese sock imports as soon as possible. "

August 2004