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These excerpts taken from the HBI 10-K filed Feb 19, 2008. Trade
Regulation
We are exposed to certain risks of doing business outside of the
United States. We import goods from company-owned facilities in
Mexico, Central America and the Caribbean Basin, and from
suppliers in those areas and in Asia, Europe, Africa and the
Middle East. These import transactions had been subject to
constraints imposed by bilateral agreements that imposed quotas
that limited the amount of certain categories of merchandise
from certain countries that could be imported into the United
States and the EU.
Pursuant to a 1995 Agreement on Textiles and Clothing under the
World Trade Organization, or “WTO,” effective
January 1, 2005, the United States and other WTO member
countries were required, with few exceptions, to remove quotas
on goods from WTO member countries. The complete removal of
quotas would benefit us, as well as other apparel companies, by
allowing us to source products without quantitative limitation
from any country. Several countries, including the United
States, have imposed safeguard quotas on China pursuant to the
terms of China’s Accession Agreement to the WTO, and others
may impose similar restrictions in the future. Our management
evaluates the possible impact of these and similar actions on
our ability to import products from China. We do not expect the
imposition of these safeguards to have a material impact on us.
Our management monitors new developments and risks relating to
duties, tariffs and quotas. Changes in these areas have the
potential to harm or, in some cases, benefit our business. In
response to the changing import environment resulting from the
elimination of quotas, management has chosen to continue its
balanced approach to manufacturing and sourcing. We attempt to
limit our sourcing exposure through geographic diversification
with a mix of company-owned and contracted production, as well
as shifts of production among countries and contractors. We will
continue to manage our supply chain from a global perspective
and adjust as needed to changes in the global production
environment.
We also monitor a number of international security risks. We are
a member of the Customs-Trade Partnership Against Terrorism, or
“C-TPAT,” a partnership between the government and
private sector initiated after the events of September 11,
2001 to improve supply chain and border security. C-TPAT
partners work with U.S. Customs and Border Protection to
protect their supply chains from concealment of terrorist
weapons, including weapons of mass destruction. In exchange,
U.S. Customs and Border Protection provides reduced
inspections at the port of arrival and expedited processing at
the border.
Trade Regulation We are exposed to certain risks of doing business outside of the United States. We import goods from company-owned facilities in Mexico, Central America and the Caribbean Basin, and from suppliers in those areas and in Asia, Europe, Africa and the Middle East. These import transactions had been subject to constraints imposed by bilateral agreements that imposed quotas that limited the amount of certain categories of merchandise from certain countries that could be imported into the United States and the EU. Pursuant to a 1995 Agreement on Textiles and Clothing under the World Trade Organization, or “WTO,” effective January 1, 2005, the United States and other WTO member countries were required, with few exceptions, to remove quotas on goods from WTO member countries. The complete removal of quotas would benefit us, as well as other apparel companies, by allowing us to source products without quantitative limitation from any country. Several countries, including the United States, have imposed safeguard quotas on China pursuant to the terms of China’s Accession Agreement to the WTO, and others may impose similar restrictions in the future. Our management evaluates the possible impact of these and similar actions on our ability to import products from China. We do not expect the imposition of these safeguards to have a material impact on us. Our management monitors new developments and risks relating to duties, tariffs and quotas. Changes in these areas have the potential to harm or, in some cases, benefit our business. In response to the changing import environment resulting from the elimination of quotas, management has chosen to continue its balanced approach to manufacturing and sourcing. We attempt to limit our sourcing exposure through geographic diversification with a mix of company-owned and contracted production, as well as shifts of production among countries and contractors. We will continue to manage our supply chain from a global perspective and adjust as needed to changes in the global production environment. We also monitor a number of international security risks. We are a member of the Customs-Trade Partnership Against Terrorism, or “C-TPAT,” a partnership between the government and private sector initiated after the events of September 11, 2001 to improve supply chain and border security. C-TPAT partners work with U.S. Customs and Border Protection to protect their supply chains from concealment of terrorist weapons, including weapons of mass destruction. In exchange, U.S. Customs and Border Protection provides reduced inspections at the port of arrival and expedited processing at the border. This excerpt taken from the HBI 10-K filed Sep 28, 2006. Trade
Regulation
We are exposed to certain risks of doing business outside of the
United States. We import goods from company-owned facilities in
Mexico, Central America and the Caribbean Basin, and from
suppliers in those areas and in Asia, Europe, Africa and the
Middle East. These import transactions had been subject to
constraints imposed by bilateral agreements that imposed quotas
that limited the amount of certain categories of merchandise
from certain countries that could be imported into the United
States and the EU.
Pursuant to a 1995 Agreement on Textiles and Clothing under the
World Trade Organization, or “WTO,” effective
January 1, 2005, the United States and other WTO member
countries were required, with few exceptions, to remove quotas
on goods from WTO member countries. The complete removal of
quotas would benefit us, as well as other apparel companies, by
allowing us to source products without quantitative limitation
from any country. Several countries, including the United
States, have imposed safeguard quotas on China pursuant to the
terms of China’s Accession Agreement to the WTO, and others
may impose similar restrictions in the future. Our management
evaluates the possible impact of these and similar actions on
our ability to import products from China. We do not expect the
imposition of these safeguards to have a material impact on us.
Our management monitors new developments and risks relating to
duties, tariffs and quotas. In response to the changing import
environment resulting from the elimination of quotas, management
has chosen to continue its balanced approach to manufacturing
and sourcing. We attempt to limit our sourcing exposure through
geographic diversification with a mix of company-owned and
contracted production, as well as shifts of production among
countries and contractors. We will continue to manage our supply
chain from a global perspective and adjust as needed to changes
in the global production environment.
This excerpt taken from the HBI 8-K filed Sep 5, 2006. Trade Regulation We are exposed to certain risks of doing business outside of the United States. We import goods from company-owned facilities in Mexico, Central America and the Caribbean Basin, and from suppliers in those areas and in Asia, Europe, Africa and the Middle East. These import transactions had been subject to constraints imposed by bilateral agreements that imposed quotas that limited the amount of certain categories of merchandise from certain countries that could be imported into the United States and the EU. Pursuant to a 1995 Agreement on Textiles and Clothing under the WTO, effective January 1, 2005, the United States and other WTO member countries were required, with few exceptions, to remove quotas on goods from WTO member countries. The complete removal of quotas would benefit us, as well as other apparel companies, by allowing us to source products without quantitative limitation from any country. Several countries, including the United States, have imposed safeguard quotas on China pursuant to the terms of China’s Accession Agreement to the WTO, and others may in the future impose similar restrictions. Our management evaluates the possible impact of these and similar actions on our ability to import products from China. We do not expect the imposition of these safeguards to have a material impact on us. Our management monitors new developments and risks relating to duties, tariffs and quotas. In response to the changing import environment resulting from the elimination of quotas, management has chosen to continue its balanced approach to manufacturing and sourcing. We attempt to limit our sourcing exposure through geographic diversification with a mix of company-owned and contracted production, as well as shifts of production among countries and contractors. We will continue to manage our supply chain from a global perspective and adjust as needed to changes in the global production environment. | EXCERPTS ON THIS PAGE:
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