This week’s Cotton Newsline is three cuts. All cuts are Gaylon Booker, National Cotton Council Consultant for Trade and Farm Policy.
Suggested introduction cut one:
A positive trade platform in the Western Hemisphere is needed in order for U.S. cotton to better compete with the onslaught of Asian textile imports. The Dominican Republic-Central America Free Trade Agreement (DR-CAFTA) can serve as this platform, says Gaylon Booker.
Suggested introduction cut two:
Initially, passage of DR-CAFTA was expected before the Memorial Day Congressional break. According to Booker, National Cotton Council Consultant for Trade and Farm Policy, the timing is now uncertain.
Suggested introduction for cut three:
As borders continue to open more completely, the United States will be confronted with steeper competition in this quota-free era. Agreements like DR-CAFTA can help the United States in this ongoing issue.