Wednesday, March 19, 2014

Cashmere Yarn Short Supply Petition Filed

The Committee for the Implementation of Textile Agreements ("CITA") is considering a Commercial Availability Request for Certain Cashmere Yarns file number: 2.2014.03.18.Yarn.HeritageCashmereKoreaCo,Ltd, as specified below.

SPECIFICATIONS: Certain Cashmere Yarns

HTS: 5108.10 & 5108.20

Fiber content: 100% cashmere 2-ply yarns

Denier and length of staple (the figures below include the +/- 10% variance that may occur after knitting, weaving and finishing)

Weaving Count (single yarn): 22.86 – 27.94 nm (13.5 – 16.5 Ne), 25.2 - 33mm

Knitting Count (two plied): 39.62 – 48.43 nm (23.4 – 28.626 Ne), 30.6 – 37.4mm

Yarn sizes were calculated using a conversion factor of Ne x 1.69336 = Nm

Put up: Cone type packages.

The petition was filled under the procedures of the U.S.-Korean Free Trade Agreement. The due diligence statement accompanying the petition shows an exhaustive attempt to locate potential U.S. producers of this yarn (Agathon Associates assisted with background information on the domestic U.S. wool spinning industry) and the petition is expected to be approved in about a month. Once approved, fabrics and apparel made in Korea of these specific yarns will enter the U.S. duty-free without regard to the source of the yarn. Other cashmere and wool products will remain under the "yarn forward" rule of origin that requires that all stages of production, from spinning to finished product take place in Korea and/or the U.S.

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