Interviews
US withdrawal from TPP to not impact Vietnam garment exports
28 Mar '17
1 min read
A high ranking official of the Vietnam Textile and Apparel Association (VITAS) said that the garment industry in Vietnam has thrived without the Trans Pacific Partnership (TPP) as it holds the second biggest market share in the US and Japan. He observed that withdrawal of the US from the TPP, would not impact exports of clothing from the country.
"Apart from TPP, Vietnam has signed and will sign several free trade agreements (FTAs)," Truong Van Cam, vice chairman of VITAS said, while highlighting Vietnam’s garment and textile export potential to other markets, including the US.
"Clothing exporters have continued to adopt new technologies to improve their productivity and reduce costs, which has increased their competitiveness in exports to Japan and USA," Cam was quoted as saying by Vietnamese media.
The Vietnamese garment sector has targeted a growth rate of 7-8 per cent in 2017 and $30 billion in export earnings. (AR)
"Apart from TPP, Vietnam has signed and will sign several free trade agreements (FTAs)," Truong Van Cam, vice chairman of VITAS said, while highlighting Vietnam’s garment and textile export potential to other markets, including the US.
"Clothing exporters have continued to adopt new technologies to improve their productivity and reduce costs, which has increased their competitiveness in exports to Japan and USA," Cam was quoted as saying by Vietnamese media.
The Vietnamese garment sector has targeted a growth rate of 7-8 per cent in 2017 and $30 billion in export earnings. (AR)
Fibre2Fashion News Desk – India
Popular News
Leave your Comments
Editor’s Pick
Therese Premler-Andersson
Textile Machinery Association of Sweden (TMAS)
Ata Turgutalp
Eliar Elektronik San. A.S.
Daniela Brunner
Label - Guilia & Romeo
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
