More Singapore Yarn Won't Hurt US Sock Makers: ITC

Law360, New York (August 12, 2009, 8:13 PM EDT) -- The U.S. International Trade Commission has found that proposed changes to yarn imports under the U.S.-Singapore Free Trade Agreement would result in only a slight uptick in imports from Singapore and a minimal impact on the U.S. sock industry, the commission said in a report released Wednesday.

Under the proposed changes to the USSFTA, garments produced using yarns included under the rule produced in other countries would qualify for the free trade provisions under the agreement. But because Singapore is not a significant exporter of garments...
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