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RECORD TEXTILE, APPAREL IMPORT LEVEL IN SEPTEMBER SIGNALS NEED FOR IMPROVED TRADE POLICY

 WASHINGTON, Nov. 18 ~PRNewswire~ -- Record September textile and apparel import figures released today by the U.S. Commerce Department underscores the "urgent need for more effective trade policy approaches" by the U.S. government, the president of the national textile trade association said today.
 More than 1.32 billion square meters of textile and apparel products were imported into the United States in September, a 20 percent increase from September 1991 and the 13th consecutive record month of textile and import surges.
 For the first three quarters of 1992, almost 11 billion square meters of textile and apparel imports entered the United States, an 18 percent increase from the same period in 1991.
 In addition, the textile and apparel trade deficit in the first three quarters of 1992 totaled almost $22 billion, compared to a total U.S. merchandise trade deficit of $57.6 billion.
 "The administration has failed to use the trade policy tools available to slow the level of import growth and prevent the loss of more U.S. jobs," said M.L. Cates Jr., president of the American Textile Manufacturers Institute (ATMI). "These import surges demonstrate the urgent need for more effective trade policy approaches by our government.
 "Too often U.S. trade policy has been based on neglect of domestic interests. Appeasement of foreign policy concerns and the ineffective use of existing mechanisms, including the Multifiber Arrangement, to curb damage from imports has caused this industry a great loss of jobs," he added. "Now our government -- through the Uruguay Round of international trade negotiations -- appears prepared to remove completely these mechanisms. This would further open the U.S. market to imports without any reciprocal opening of foreign markets. This would lead to even greater market disruption and more job losses.
 "Eleven billion square meters of textile and apparel imports that have entered the United States this year represent the equivalent of 1 million lost domestic job opportunities," Cates said. "The Congressional Budget Office estimates that for every 1 percent drop in the unemployment rate, the government will save $33 billion -- $28 billion in revenue gained and $5 billion in transfer payments saved. It is our hope that the Clinton administration will realize the close relationship between trade policy and the health of our domestic economy and establish an effective program that takes this into account."
 A summary of the Commerce Department figures follows:
 SEPTEMBER 1992 FIGURES
 Released Nov. 18, 1992
 U.S. TEXTILE AND APPAREL IMPORTS
 (million sme)
 September Pct (YTD) Jan.-Sept. Pct.
 1992 1991 Chg. 1992 1991 Chg.
 TEXTILES 659.6 567.0 16.3 5,574.0 4,764.8 17.0
 APPAREL 667.0 541.5 23.2 5,400.1 4,540.9 18.9
 TOTAL 1,326.7 1,108.5 19.7 10,974.2 9,305.7 17.9
 TEXTILES BY PRODUCT
 Yarn 107.3 96.9 10.7 972.2 724.2 34.2
 Fabric 330.1 285.8 15.5 2,936.9 2,542.8 15.5
 Misc. 222.3 184.2 20.7 1,664.9 1,497.9 11.1
 TOTAL 659.7 566.9 16.4 5,574.0 4,764.9 17.0
 TOTAL BY FIBER
 Cotton 594.7 461.2 28.9 5,155.7 4,112.5 25.4
 Wool 26.7 23.0 16.1 148.7 124.4 19.5
 MMF 649.6 576.9 12.6 5,259.2 4,732.2 11.1
 Other 55.7 47.4 17.5 410.6 336.6 22.0
 TOTAL 1,326.7 1,108.5 19.7 10,974.2 9,305.7 17.9
 U.S. TEXTILE AND APPAREL TRADE BALANCE
 (million customs $)
 IMPORTS September Pct. Jan.-Sept. Pct.
 1992 1991 Chg. 1992 1991 Chg.
 Textiles 653 565 15.5 5,903 5,081 16.2
 Apparel 3,121 2,464 26.7 23,469 19,025 23.4
 TOTAL 3,774 3,029 24.6 29,371 24,106 21.8
 EXPORTS September Pct. Jan.-Sept. Pct.
 1992 1991 Chg. 1992 1991 Chg.
 Textiles 491 468 5.0 4,320 4,062 6.4
 Apparel 393 294 33.4 2,991 2,328 28.5
 TOTAL 884 762 16.0 7,312 6,390 14.4
 BALANCE September Pct. Jan.-Sept. Pct.
 1992 1991 Chg. 1992 1991 Chg.
 Textiles -162 -98 65.9 -1,582 -1,019 55.2
 Apparel -2,728 -2,170 25.8 -20,477 -16,697 22.6
 TOTAL -2,890 -2,267 27.5 -22,059 -17,717 24.5
 -0- 11~18~92
 ~CONTACT: Deborah E. Anderson of the American Textile Manufacturers Institute, 202-862-0513 or, home, 703-476-6436~


CO: American Textile Manufacturers Institute ST: District of Columbia IN: TEX SU:

BN-TG -- AT013 -- 2599 11~18~92 18:01 EST
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Date:Nov 18, 1992
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