US Apparel Group Urged Congress To Pass Customs Bill And Trade Facilitation.

The U. S. clothing and footwear industry urged Congress to support the customs re licensing act, including cost saving measures to help the industry.

In a document to members of the house and Senate, the United States clothing and Footwear Association (AAFA) represents American Apparel and footwear brands, retailers and importers, saying that "strong support" was adopted quickly in 2015. Trade Facilitation and trade enforcement act.

　　 AAFA He said he voted for the bill and urged Congress to vote for it. This legislation is the fourth part of the trade act formulated earlier in 2015. Cost saving Measures, including important regulations on the classification of footwear and jackets, and the provision of trade facilitation include increased trace levels.

In a document to (2015) July, AAFA urged Congress, including the house of Representatives, to pass the trade remedy provisions of the customs regulations to combat anti-dumping evasion, and to make recommendations on the provisions of some final bills.

Related links:

With regard to the US economy, the US economy will grow by 2%-3% in 2016. The US market is a market that other countries can rely on for economic growth. However, the competition in the US market is fierce. The emerging economies have entered the US market and begun to compete.

For emerging economies, 2016 will continue to be a difficult year. One is how slow the growth rate of China's economic growth will be and its subsequent impact. The two is the Fed's interest rate hike and its impact. However, the economy of the emerging economies will still grow, and it will be unwise to abandon emerging markets such as mainland China or the middle class of India.

For enterprises, corporate profits will decline in 2016. First, the growth rate of emerging economies will slow down, two is wage increases, the three is tightened regulation and anti-monopoly enforcement, and the three forces will make the industry's prospects unoptimistic.

In the developed economies, the US economy is at its best. With regard to the euro area economy, the euro zone economies such as Germany and France have benefited from loose monetary policy. The euro zone is expected to continue its current growth trend in 2016, but the Greek problem will be confused from time to time.

On Friday (January 8th), at the beginning of the Asian market, the euro and the yen maintained a solid rally against the dollar, which had been driven up by the short back subsidy. Meanwhile, the warming of risk aversion was a blow to commodity currencies such as the Australian dollar.

Investors are anxiously waiting for the central parity of the yuan against the US dollar to see whether the PBOC will allow further devaluation of the yuan. If the yuan continues to depreciate, it may increase the pressure on regional currencies and benefit the Japanese yen.

Oddly, however, the euro was one of the few currencies that had outperformed the yen in the previous trading session, and the euro rebounded to 128.50 from the 8 half month low of 126.79.

At the same time, the euro / dollar rose to the top of the 1.0900 line, after a 1.4% rise, setting the biggest one-day gain in 1 months.

The unexpected strong trend of the euro makes CitiFX analysts doubt whether the euro is a new hedge currency.

In a report to customers, CitiFX analyst said, "it has not yet been concluded that it may be due to stock market or warehouse position, and whether the upward trend of the previous trading day is partly driven by fundamentals. But on the whole, the performance of data is different.