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USA : AAFA goes number crunching over footwear & apparel imports |
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2006-2-11
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American Apparel & Footwear Association (AAFA) President and CEO Kevin M. Burke commented on release of the 2005 trade numbers, which showed significant increases in US imports of apparel and footwear.
“Today’s trade numbers reflect another banner year for US apparel and footwear brands,” commented Burke.
“With well over 98 percent of all shoes and 92 percent of all clothes sold in the United States being imported, these record trade numbers translate directly into a good bottom line for US apparel and footwear firms and the hundreds of thousands of US workers they employ.”
Burke also highlighted the quickly rising value of footwear imports, possibly signaling a welcome end to the price deflation that has gripped the US footwear market since 1998.
Burke continued, “Of course, the biggest winners are US consumers, who continue to benefit from access to an ever wider variety of higher quality clothes and shoes at reasonable prices.”
Burke, however, expressed grave concern at a disturbing trend in the 2005 numbers. “For the first time in well over a decade, US apparel imports from the CAFTA region fell in 2005.”
“Even more alarming, US textile (yarn and fabric) exports to the region tumbled,” Burke noted. “Burke blamed the long delay in consideration and implementation of the US/Central America-Dominican Republic Free Trade Agreement (CAFTA), citing the passage of the original January 1, 2006 target date in particular, as the root cause for the decline.”
AAFA's task is to promote and enhance its members' competitiveness, productivity and profitability in the global market by minimizing regulatory, commercial, political, and trade restraints. |
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| American Apparel & Footwear Association | | Fibre2fashion
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