ITA’s Sanchez Touts KFTA Textile & Apparel Benefits, Work on India Cotton Ban

Under Secretary of Commerce for International Trade Francisco Sanchez said that, as a result of the U.S.-Korea Free Trade Agreement (KFTA), 98% of Korea’s tariff lines, accounting for about 73% of U.S. textile and apparel exports to Korea by value, receive duty-free treatment immediately, and virtually all footwear exports to Korea are duty-free immediately as well. In his March 22 remarks to the American Apparel and Footwear Association, Sanchez also said the International Trade Administration is working with the U.S. Trade Representative to deal with issues such as India’s recent export ban on cotton and the tariff and non-tariff barriers in Brazil, Argentina, and Turkey.