Promotes Favorable Trade Policies for Industry
Summary of SFIA Activities on International Trade
The sports and fitness industry is growing globally and SFIA works to ensure that the most favorable trade environment for its members. SFIA pursues trade policies that reduce trade barriers and lower the cost of getting products to market.
More Information on International Trade
International Trade Issues monitored by the SFIA include International Trade includes trade policies, tariffs and duties, free trade agreements and Asia trade & currency issues.
Trade Policies & Agreements:
The SFIA is working to eliminate or reduce trade barriers on SFIA Member products through promoting trade agreements with partners that increase market penetration.
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SFIA is promoting the industry's interests by supporting free trade agreements with Asian countries.
Slowdown in Trans-Pacific Talks Hurts Timing for Other SFIA Trade Priorities
As previously reported, the Senate Finance Committee’s delay in taking up trade promotion authority (TPA) legislation has scuttled any near-term hopes for assembling a broader trade bill. That broader bill is important to the sports and fitness industry not just because of TPA itself, which would serve as its centerpiece and is needed to approve major trade agreements, but also because of its prospective inclusion of the miscellaneous tariff bill (MTB) and Generalized System of Preferences (GSP) provisions needed to reinstate duty reductions on many products important to SFIA members.
The Senate’s inaction on TPA legislation is now threatened to be further reinforced by recent delays in the Trans-Pacific Partnership (TPP) trade negotiations that involve the United States and 11 other Pacific Rim countries. Specifically, TPP negotiators, who originally hoped to conclude an agreement by the end of last year, recently indicated that their next round of negotiations will not be held before late May. The lack of urgency, including an unwillingness to use President Obama’s April trip to Asia as an action-forcing event, reflects continuing struggles to bridge areas of major controversy such as Japan’s weak market access offers in the agricultural and automotive arenas.
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Want to learn more, contact Bill Sells at 301.495.6321 or at email@example.com.