The National Retail Federation welcomed the signing of a bilateral trade agreement on textile and apparel trade with China, but expressed concern about issues not resolved by the agreement.
'They are opposed to restrictions on imports, but this agreement appears to offer an improvement over the current system of safeguard quotas being imposed for political reasons without regard to the adverse impact on US retailers and consumers or whether they would actually do anything to create or protect US jobs,' NRF Vice President and International Trade Counsel Erik Autor
said.
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The National Retail Federation is the world's largest retail trade association, with membership that comprises all retail formats and channels of distribution including department, specialty, discount, catalog, Internet, independent stores, chain restaurants, drug stores and grocery stores as well as the industry's key trading partners of retail goods and services.
NRF represents an industry with more than 1.4 million US retail establishments, more than 23 million employees - about one in five American workers - and 2004 sales of $4.1 trillion. As the industry umbrella group, NRF also represents more than 100 state, national and international retail associations.
National Retail Federation
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