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Signing of North American Free Trade Agreement to impact nonwoven industry.

Last month, history was made with the announcement of an agreement between the U.S., Canada and Mexico regarding free trade among the three countries. Effective August 12, U.S. President Bush announced that the three countries had concluded negotiations on the North American Free Trade Agreement (NAFTA). As of press time, the actual document had not yet been finalized.

The agreement will have significant impact on the nonwovens industry of the future. According to INDA director of government affairs Peter Mayberry, duties on nonwoven fabrics will be eliminated five years after the agreement goes into effect. "Under the timeframe outlined in the current agreement, this would be January 1, 1999," said Mr. Mayberry. He added that this could be subject to change since the agreement must be ratified by the national legislations of all three countries.

Mr. Mayberry also explained that under the agreement, the rules of origin pertaining to duty elimination are designed to protect the three countries involved. "The rules of origin will require that only fabrics made from fibers produced in one of these three countries will be subject to duty elimination," explained Mr. Mayberry.
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Publication:Nonwovens Industry
Article Type:Brief Article
Date:Sep 1, 1992
Words:189
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