Honduran Textile Industry Celebrates CBI Legislation

The Honduran textile industry hosted a reception in San Pedro Sula, Honduras, to celebrate the
passage of CBI parity legislation, according to Peter Hegarty, president, American Textile Export
Co.The event was organized by The Honduran Counsel for Private Companies, The Honduran Association
of Maquiladores, The Chamber of Commerce and industries of Cortes, and The Free Zone Association of
Honduras.”The Trade and Development Act of 2000 will certainly enhance trade between the United
States and Caribbean Basin countries and, in our view, provide a much-needed boost to domestic yarn
spinners, among others,” said Bud Willis, president, Tuscarora Yarns, Oakboro, N.C. “To best take
advantage of the opportunities this legislation offers, American companies need to quickly get to
know their potential Caribbean Basin partners and any unique requirements they may have.”

October 2000