2008
Bush Fueling Trade In Budget Proposal Directly Affecting the Fashion Industry
Posted by: Fashion06 in Fashion News |
Comments on the Article blog are now OFF! If you wish to leave feedback or your opinion of an article individual threads will be created in the Dobizo Community for further discussion. Go to discussion by Clicking Here Now
In the $3.1 trillion federal budget submitted to congress earlier this past Monday Bush’s proposal will allocate more funding to international trade and import safety programs , also to the enforcement of trade remedy laws.
What does this mean for the fashion industry?
- Up to $46 million, from $40 million the appropriation for the U.S. Trade Representative’s Office to negotiate deals with other countries and in the World Trade Organization.
- Up to $66 million from $63 million, for the Commerce Department’s Import Administration, which investigates anti-dumping and countervailing duty trade cases and monitors apparel and textile imports.
- An $8 million increase, to $49 million, for a Commerce program to help U.S. manufacturers and service providers compete with foreign rivals.
- Continued funding of $5 million for the Wool Trust Fund, which gives grants to domestic manufacturers of worsted wool fabric.
- A $6 million rise, to $74 million, for the International Trade Commission, which conducts economic investigations and helps decide anti-dumping and countervailing duty trade cases.
- An increase to $10.9 billion for the U.S. Customs & Border Protection division of the Department of Homeland Security, which oversees the ports and border entry points, seizes counterfeit apparel, footwear and accessories and manages a public-private supply chain security initiative.
- A $67.7 million jump, to $157 million, for the radiation port monitoring program at U.S. ports. Customs scans 100 percent of all containers at the southern border and 91 percent of all containers entering the northern border. The goal is to have 100 percent scanning of cargo containers by the end of the year, said Homeland Security Secretary Michael Chertoff. The agency requested $27.3 million to hire 295 Customs officials to assist in the deployment of the monitors to ports. A program requiring scanning of all U.S.-bound containers at foreign ports within five years is being developed.
- An increase from $182 million to $199 million, for the Labor Department to enforce the Fair Labor Standards Act and other labor laws.
- A $66 million cut, to $15 million, for the Labor Department’s international labor affairs division, which helps coordinate the global activities of other U.S. agencies and nongovernmental organizations. A cut for the Labor Department’s international labor affairs division from $81 million to $15 million, which helps coordinate the global activities of other U.S. agencies and nongovernmental organizations.
Source WWD
Popularity: 2% [?]
Want To Learn How To Start A Clothing Line From a proven fashion industry professional? If so Click Here to take a listen 100% Free to how you can succeed in the fashion industry from Ceo's of million dollar apparel industry businesses.

















Leave a Response | TrackBack