Congressional Digest

International Debates Archives November 2010 No. 8 Vol. 8
American Apparel & Footwear Association (AAFA)

China's Currency Policy

Trade Imbalances and the Global Economy

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American Apparel & Footwear Association (AAFA)

Kevin M. Burke, President and CEO

AAFA is the national trade association representing apparel, footwear, and other sewn products companies and their suppliers. The following is excerpted from September 15, 2010, testimony before the House Ways and Means Committee on China’s Exchange Rate Policy. As we understand it, the [Ways and Means] Committee is exploring “whether China has made material progress in allowing appreciation of the exchange rate and what action Congress and the [Obama] Administration may need to take to address China’s exchange rate policy and its effect on the U.S. and global economic recoveries and on U.S. job creation.” Like many in the business…

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