Free Trade…… What Kind of Yarn Are We Spinning? 2002 Beltwide Cotton Conferences Hyatt Regency Atlanta, GA January 10, 2002

Cotton Consumption on the Cotton Spinning System Millions of 480-lb. Bales Source: Cotton, Inc.

Cotton Clothing Imports Million 480-lb. bale equivalents Source: USDA

U.S. Textile Productivity Ten years ago, the textile industry shipped $39.40 worth of product for every hour an employee worked. Last year, the comparable figure was $ A Productivity Gain of 38% Source: KSA

Asian Currencies Down 40% Since Asian Financial Crisis $1.00 $0.60 Source: KSA

Asian Textile Product Imports From , the average price of Asian yarn imported into the U.S. fell 30% - from $3.67/kg to $2.56/kg, and The average price of Asian fabric fell 26% - from $1.20/sq. meter to $.81/sq. meter. Source: KSA

Imports Control 90% of U.S. Apparel Market Apparel Imports 19 billion sme U.S. Production 2 billion sme Source: KSA

Increase in U.S. Imports of Textiles and Apparel India84% Pakistan 196% Bangladesh 85% Thailand 99% Indonesia100% Philippines 74% Under the WTO ( ) Source: KSA

Dan Was Up-and-Coming He never thought he’d be down-and-out. Then his company shut down and moved to China. Dan was forced to look for a job.