US Legislation Against China'S Exchange Rate For Bangladesh'S Clothing Exports
US House of Representatives approves legislation against China
The legislation will allow the US government to impose countervailing duty on those countries that manipulate the exchange rate and oppose free trade rules. China
China's currency is slowly rising, and the renminbi has appreciated by 15% over the past 3 years. If China's currency appreciates another 15%, it will greatly benefit Bangladesh's exports.
Supplement:
Nike (NikeInc.) is likely to become the producer of the official uniforms and OTC garments of the National Football League (NationalFootballLeague).
According to CNBC11 reports, the deal will require the consent of the owners.
UnderArmourInc. will retain Limited clothing rights, especially the comprehensive test of the rugby union.
Since 2001, the Football Union's clothing agreement has been signed with Reebok (ReebokInternationalLtd.).
Nike lost the contract to Reebok in 2001. It is said that Reebok paid $300 million to the 10 year's rights and the agreement expired at the end of the next season.
This competition is very intense. It is between Nike and Adidas (Adidas). Adidas currently owns Reebok and UnderArmour.
Nike officials say the company is negotiating with the National Football League, but can not comment on the ongoing negotiations.
Adidas is currently a clothing supplier of the NationalBasketballAssociation. Chief executive HerbertHainer9 said that if someone offered a higher bid, he would accept it because losing the NFL's clothing agreement would not be a matter of life and death for the company.
If Nike wins, the industry will no doubt closely observe the reaction of fans.
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