In Defense of American Textiles'

1
In Defense of American Textiles.
American

• Invested billions to remain competitive in the
  face of global pressures.
• Most efficient textile industry in the world.
• 1997 was a record year in terms of shipments.

2
423,000 jobs lost since 2001.62,000,000,000
trade deficit.
3
Free Markets?
Tae Kwang Vina FactoryEmploying 10,000 people
4
2005 revenue - 13.7 billion.12 percent increase
from FY04.
5
The American Consumer

• Surveys show the average consumer would pay 28
  more for non-sweatshop goods.
• How much more would you pay?

6
H.R. 5602

• To authorize the extension of nondiscriminatory
  treatment (normal trade relations treatment) to
  the products of Vietnam. (Introduced in House)
• Failed by 32 votes on 11/13