US textile company Mount Vernon Mills - on behalf of the National Council of Textile Organizations, has urged the House Ways & Means Committee's Subcommittee on Trade to review various options regarding trade preference program with Cambodia.
David Hastings, chairman of Mount Vernon Mills, strongly suggested not to consider a proposal to extend duty free status to apparel imports from Bangladesh and Cambodia as a part of broad trade preference reform, otherwise the US manufacturing sector will be further crashed down.
Hastings said, for example, if this Committee grants these large competitive countries with duty-free status, Mount Vernon’s Trion facility, and many others, will be forced to close.
