The National Council of Textile Organizations (NCTO) welcomed the trade agreement reached by the United States, Mexico and Canada that replaces NAFTA.
“The U.S. textile industry is pleased the United States, Mexico and Canada have reached an agreement because Canada and Mexico are its largest trading partners,” said National Council of Textile Organizations (NCTO) President & CEO Auggie Tantillo, as he noted that products from the textile and apparel supply chain accounted for nearly $12 billion in U.S. exports to Canada and Mexico in 2017.
“Unlike the original NAFTA, the new agreement includes a separate textile and apparel chapter. This outcome is a tangible recognition by all three parties of the importance of textile manufacturing to the regional economy,” Tantillo added, as he explained that NCTO would not be making any further comment with respect to the deal until the substance of the agreement could be carefully analyzed by NCTO.
NCTO is a Washington, D.C.-based trade association that represents domestic textile manufacturers, including artificial and synthetic filament and fiber producers.
