MJSA urges members to push for fair trade-Industry News-Magazine-IRISPANCY FASHION ACCESSORIES & JEWELRY

	Shopping bag \| \| My account \| Favorite \| Help \| Contact us \| Login or Register \| Logout

Jewelry \| Apparel & Accessories \| Bags & Accessories \| Magazine \| Business & Franchise Necklaces \| Bracelets \| Earrings \| Rings \| Pendants \| Jewelry Sets Brooches \| Hair Accessories \| Belts \| Caps \| Scarfs \| Gloves \| Shoes \| Socks IRISPANCY Bags \| IRISPANCY Bags Accessories Vogue and Trend \| Mix and Match \| Celebrity \| Fortune \| Fun and Love \| Small Business \| Product knowledge \| Market Survey \| Expo Information \| Industry News Boutiques \| Sales Policy \| Franchise \| Events and Activities \| OEM and ODM

Magazine > Industry News > News Content

MJSA urges members to push for fair trade

9/6/2006 2:11:33 PM

SEPTEMBER 05, 2006 - Providence, R.I. -- The Manufacturing Jewelers & Suppliers of America (MJSA) is asking its members to contact their trade representatives and Congress to urge them to push for fair trade agreements that would put an end to what the association says is an "unfair trade advantage" given to India and other countries.

The Office of the U.S. Trade Representative (USTR) has asked for public comments about whether to limit, suspend, or withdraw the eligibility of India and 12 other countries that currently can import goods duty-free under the Generalized System of Preferences (GSP) program. It is also reviewing whether to withdraw presidential Competitive Need Limitation (CNL) waivers that allow India, among 19 other countries, to import specific products duty-free. The bulk of the waivers to India cover precious metal jewelry products. Legislation authorizing the GSP benefits will expire on Dec. 31, 2006, unless Congress re-authorizes it.

In a letter to its members, MJSA said the following: "The GSP and CNL privileges currently give India and many other countries an unfair trade advantage. MJSA urges the U.S. Trade Representative and Congress to push for a 'zero-for-zero' global trade policy that will eliminate tariff and non-tariff trade barriers, and will create a level playing field on which U.S. manufacturers can better compete. Until these trade barriers are eliminated, GSP and CNL privileges for India and similar beneficiaries should not be renewed."

Currently, India ranks first among exporters of precious metal jewelry to the United States, with $1.75 billion exported to the United States in 2005. The United States exported only $108 million in precious metal jewelry to India during that year, resulting in a $1.65 billion trade deficit, says MJSA.

Much of that deficit can be attributed to not only India's unfettered access to the U.S. market, MJSA says, but also the tariff and non-tariff trade barriers that U.S. manufacturers face when they try to export goods to that country. Currently, India places a 31.5 percent duty on U.S. precious metal jewelry, as well as multiple additional taxes, including a 1 percent landing charge and various municipal and state taxes. All told, these taxes and fees can add as much as 26 percent to the duty, says MJSA.

The Indian Diamond and Colorstone Association, in contrast to MJSA's position, has been urging jewelry retailers to write to USTR before the Sept. 5 deadline for public comment to ask the USTR to continue the trade benefits granted to Indian jewelry manufacturers under the GSP program.

MJSA is asking members to send an e-mail today to the Office of the U.S. Trade Representative, requesting that all GSP privileges be withheld for any country that does not allow equally unfettered access for U.S. manufacturers seeking to export product. Send the e-mail to FROO52@USTR.EOP.GOV. The subject line should read, "2006 GSP Eligibility and CNL Waiver Review."

MJSA says members should also fax their legislators, asking that GSP status not be given to any country that does not allow equal access to their markets. To find U.S. senators or representatives, go to www.senate.gov or www.house.gov.

Related News

Bussiness Partnership

Jewelry business opportunity

FAQ about products

JP Renaissance Enterprises Corporation, an active fashion and gift company that provides fashion accessories and jewelry. We expanded our branches in Asia and North America, now, we devote ourselves on globalization by deploying unique designs and concepts. Our designers put their efforts on introducing innovative ideas, integrating creative and trendy elements and developing new style, such as integrating the nature into our products. Our fashion accessories and jewelry are capable to give you a different fashion ideas, a different way to dress, and can surprise your friends, lover, parents, clients by sending them special gifts on holiday or in special events. The products are not only fashion symbols but also tools to communicate, for example, you can use our new fashion and gift guides as an interesting topic among girls, or share the experience of our online jewelry store or the latest shoes. hats and socks with your friends..

Furthermore, we provide premier bags optimization and junior hair accessories suggestions with professional wholesale and retail business. for examples, we not only sell smart wool socks, fine jewelry, Masonic rings and ring size chart as a manufacturer and wholesaler, but also provide trendy dressing discount. Besides, while outputing luxurious goods and service, we also offer value packs and free gift cards, such as payless dress, wholesale caps on special events.

Clients all over the world can enjoy our products and service through the internet. For instance, buyers from - - Ibaraki - Japan, Minneapolis - Minnesota - United States and Carson City - Nevada - United States.

Our online Fashion Magazine, on the other hand, presents information about top holiday gifts guides, hair styles, life style trends, potfolio fashion tips, what to wear on business days, dressing tips, dressing guides or general fashion tips for women and for men, hats and socks industry news, product kownledge about mothers rings, women's work boot with support and cubic zirconia rings, fashion shows...

www.irispancy.com IRISPANCY FASHION ACCESSORIES & JEWELRY