U.S. Importers, Retailers Oppose Monitoring Mechanism on Vietnam Apparels

2:07:39 PM | 7/28/2008

A group of big U.S. importers and retailers have raised their voice to oppose the U.S. Department of Commerce (DOC)&rsquos continuation to apply the monitoring mechanism on Vietnamese textile and garment imports, state media reported.
 
The protesters, including the Shoe and Clothing Association, the National Retail Federation, the Association of Retail Industry Leaders and the Association of Apparel Importers, have jointly sent a letter to leaders of the U.S House of Representatives&rsquo Budget Allocation Committee, expressing their strong objection to the committee&rsquos proposal to the DOC to ext the monitoring mechanism on apparel imports from Vietnam and China.
 
U.S. retailers confirmed there was no basis for uting the supervision mechanism as well as analyzing prices just focusing on some products ed from some countries, rather than all imported products.
 
The letter said &ldquothe proposal of the committee is a wrongdoing and hurts the U.S. economy.&rdquo
 
The letter stressed that during 18 months of implementing the monitoring program on Vietnamese apparel imports into the U.S. market, authorities did not find any evidence and there was not any clothing company complaining about damages caused by Vietnamese textile and garment imports. The U.S government also considered twice but found no dumping evidence.
 
At present, prices of Vietnam-made apparels are the second highest on the U.S. market, at US$2.93/sq.m on average, just behind Sri Lanka at US$3.64/sq.m, according to the Vietnamese Ministry of Industry and Trade.
 
Prices of Vietnamese textiles and garments shipped to the U.S. also strongly grow, up 26 per cent on-year.
 
Vietnam is now the fourth biggest textile and garment exporter to the U.S. market with a turnover of US$2.4 billion in the first half, accounting for 57 per cent of the Asian country&rsquos total export value of the product.
 
This year, Vietnam is expected to ship US$5.4 billion worth of textiles and garments to the U.S. market to secure second place behind China in the export of these products stateside. (Baomoi.com, Vietnam & World Economy)