Regulation & law · 06/09/2001

U.S. Trade Agency Denies Short Supply Request for Caribbean Basin and African Trade Preferences

The U.S. Trade Development Agency has denied a petition from Fabrictex, alleging that a specific type of yarn used in knit fabrics cannot be supplied by the domestic industry in sufficient quantities in a timely manner, and therefore will not be eligible for preferential trade treatment under the Caribbean Basin Trade Partnership Act and the African Growth and Opportunity Act.