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Article: Caribbean remains competitive even without parity.(Caribbean Basin apparel suppliers, trade parity with Mexico)(includes related article on Miami, FL, firms' claims that NAFTA has hurt business)
- Article from:
- Daily News Record
- Article date:
- September 15, 1997
- Author:
CopyrightCOPYRIGHT 1997 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The bruising and unsuccessful battle to give the Caribbean Basin apparel makers free trade parity with Mexico is over, but how damaging the defeat will be for the Caribbean remains to be seen.
The controversy came to a head this past summer in hand-to-hand congressional lobbying, as an attempt in the House to include Caribbean parity in the big balanced budget bill was defeated. Some domestic textile and apparel interests fought the bill, but others saw it as an important element in keeping more production from slipping away to Asia. Many U.S. apparel makers have long established sourcing connections in the Caribbean.
Contending parity now doesn't stand a ...