VF Testifies In Support Of NAFTA

GREENSBORO, N.C. — July 12, 2017 — The United States should not withdraw from the North American Free Trade Agreement (NAFTA), but seek to improve it, Randy Price, VF Corp.’s vice president, managing director Product Supply — Americas, testified recently before the Office of the U.S. Trade Representative (USTR).

“I see every day how NAFTA has supported an integrated textile and apparel supply chain that has helped VF grow and thrive and benefited our U.S. suppliers,” said Price. “NAFTA supports tens of thousands of VF jobs in the United States as well as tens of thousands of jobs at our U.S. suppliers who grow the cotton and make the materials that go into our NAFTA-made products. NAFTA has been good for our industry.”

In his testimony, Price recommended the U.S. Administration use caution as they explore potential changes to aspects of the NAFTA textile and apparel rules and flexibilities. He also testified that while there is room for improvement in the agreement, any changes should increase competitiveness and flexibility.

“We recommend focusing on growing NAFTA trade, not contracting it,” Price said. “If you look at potential changes to NAFTA, any changes you make will impact existing business and trade built over decades and impact jobs in the United States.”

A pair of Wrangler® brand jeans assembled in one of VF’s Mexican factories, for example, uses cotton from Texas, fabrics and zippers from Georgia, and threads from North Carolina. This process supports thousands of jobs across the United States.

“Without NAFTA there would be significantly less demand for these U.S. exports, and our VF supply chain in the United States, Mexico and Canada would be much smaller,” Price said.

Price testified along with a host of business leaders, including leaders from the U.S. Fashion Industry Association, the National Council of Textile Organizations and the American Apparel and Footwear Association.

Posted July 17, 2017

Source: VF Corp.