Free Trade

1
Free TradeWhat Kind of Yarn Are We Spinning?

• 2002 Beltwide Cotton Conferences
• Hyatt Regency
• Atlanta, GA
• January 10, 2002

2
Cotton Consumptionon the Cotton Spinning System
Millions of 480-lb. Bales
Source Cotton, Inc.
3
Cotton Clothing Imports
Million 480-lb. bale equivalents
Source USDA
4
U.S. Textile Productivity

• Ten years ago, the textile industry shipped
  39.40 worth of product for every hour an
  employee worked.
• Last year, the comparable figure was 54.20.
• A Productivity Gain of 38

Source KSA
5
Asian Currencies Down 40 Since Asian Financial
Crisis
1.00
0.60
Source KSA
6
Asian Textile Product Imports

• From 1996-2000, the average price of Asian yarn
  imported into the U.S. fell 30 - from 3.67/kg
  to 2.56/kg, and
• The average price of Asian fabric fell 26 - from
  1.20/sq. meter to .81/sq. meter.

Source KSA
7
Imports Control 90 of U.S. Apparel Market
U.S. Production 2 billion sme
Apparel Imports 19 billion sme
Source KSA
8
Increase in U.S. Imports of Textiles and Apparel
Under the WTO (1994-2000)

• India 84
• Pakistan 196
• Bangladesh 85
• Thailand 99
• Indonesia 100
• Philippines 74

Source KSA
9
Dan Was Up-and-Coming
He never thought hed be down-and-out. Then his
company shut down and moved to China. Dan was
forced to look for a job.