As a part of the deal, the trade groups plan to share market data, regulatory insights and customs updates to keep footwear designers and industry professionals better informed and to create best practices. The FDRA said the partnership grew out of a conversation between the two groups earlier in the year while trying to gain clarity on production questions.
The move comes at a time when brands are seeking new markets and Congress is debating important trade issues and global compliance issues. The ongoing conversations about the Transatlantic Trade & Investment Partnership and a United States and European Union trade deal also mean increased communication and understanding of various policies will be important.
“[The U.S. will gain] clarity that leads to lower costs and marketplace awareness. Trying to decipher customs forms and tariff codes and ensuring that factories are improving standards is difficult. We feel if we can work with other associations, like the BFA, we can give our members better, clearer information on global marketplace trends and import rules and regulations; increasing certainty and hopefully decreasing the time they spend on these issues,” Andy Polk, VP of the FDRA, told FN.