Vietnam : TPP will boost Vietnamese garment exports to US: Expert

InquiryNow

Please fill in your details to download the Table of Contents of this report for free. We also do customization of these reports so you can write to us at mi@fibre2fashion.com in case you need any other additional information.

Name

Company

Phone Number

Country

Comments

Advanced Search

Find Suppliers. Source Fibres. Register Now! | Ad

Home / Knowledge / News / Apparel/Garments / TPP will boost Vietnamese garment exports to US: Expert

TPP will boost Vietnamese garment exports to US: Expert

17
Dec '12

The Trans-Pacific Partnership (TPP) agreement would sharply increase the exports of apparels from Vietnam to the US, according to an expert.

The Southeast Asian nation of Vietnam annually exports about US$ 7.6 billion worth of clothing items to the US. If the country maintains its present growth rate, its exports would touch US$ 13 billion by 2020. But the TPP has the potential to take this figure to US$ 22 billion, Le Quoc An, Senior Advisor to the Vietnam Textile and Apparel Association (VITAS) told VietNamNet Bridge.

The TPP aims to enhance trade and investment, promote innovation, economic growth and development, and support the creation and retention of jobs in TPP partner countries.

The 15th round of TPP negotiations concluded last week in Auckland. A core issue of negotiation is the ‘yarn forward’ principle, put forward by the US. The principle, if approved, would require Vietnam to make its garments from raw materials made in Vietnam or the TPP countries in order to enjoy zero preferential tariffs on its garment exports to the US.

At present, Vietnam depends on China, Taiwan and South Korea, to a great extent, for its raw material imports.

Hence, the implementaion of yarn-forward principle in the TPP would attract entrepreneurs to invest in Vietnamese textile industry for manufacturing materials that would be used for production of garments meant for export to the US at zero-tariff.

Fibre2fashion News Desk - India

More Apparel/Garments News - Vietnam...

Must ReadView All

Apparel/Garments | On 26th Apr 2018

FOBAP in the Philippines trying for garments sector revival

The Foreign Buyers Association of the Philippines (FOBAP), a body...

Textiles | On 26th Apr 2018

German investors keen to invest in Pakistan: top official

A German traders delegation will soon visit Pakistan to explore...

Textiles | On 26th Apr 2018

Uster Technologies acquires Elbit Vision Systems

Uster Technologies has announced the successful closure of the...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Press Release

Letter to Editor

RSS Feed

Search Companies

Leave your Comments

April 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No Skip

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No Skip

Active Poll

Do you see sustainability as a route to business growth?

Yes

69.9%

12.6%

Skip

17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No Skip

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes

63.1%

29.1%

Skip

7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No Skip

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes

87.4%

8.7%

Skip

3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes

82.5%

7.8%

Skip

9.7%

Total Votes: 103

E-News Insight

Subscribe Today and Get the
Latest News Update in Your Mail Box.