Home / Knowledge / News / Textiles / Dow Chemical Co backs TPP
Dow Chemical Co backs TPP
08
Mar '16
After careful review of the 12-nation Trans-Pacific Partnership (TPP) final text, The Dow Chemical Company strongly supports the TPP agreement and is fully committed to advocating for its ratification, it said in a press release.

“TPP is critically important for Dow, our employees, and our customers,” said Andrew N. Liveris, Dow's Chairman and CEO. “TPP represents nearly 40 percent of the world's GDP. The expanded market access provided by the agreement will allow US manufacturers and the chemical industry to compete in new key markets and increase exports that will promote American economic prosperity.”

Trade supports nearly one in five jobs at Dow USA where more than half of the Company's global manufacturing operations are located.

TPP achievements benefitting Dow include elimination of duties on more than 97 per cent of US chemical sector exports immediately. In particular, substantial tariff reductions into Malaysia and total elimination of chemical tariffs into the Japanese market on day one of the agreement's implementation.

The TPP also reduces unnecessary burdens and streamlines regulatory decision-making to facilitate increased cross-border trade, reduce costs, and provide more certainty for businesses and the public, while maintaining high levels of protection for human health and the environment.

The trade deal upgrades key intellectual property protections and strengthen enforcement mechanisms, especially for trade secrets and patent protection. As an innovative science and technology company, it is critical to protect our intellectual property throughout the world.

It creates single window and advance customs platforms that will facilitate time to market and will provide secure and efficient transit of goods based on modernized filing platforms.

The TPP ensures free flow of data and prevent data localization practices to ensure global value chains can remain competitive, operate efficiently, and support manufacturing in the US, Dow Chemical Company said in the release.

To remain competitive in a rapidly changing global environment, the company has urged the US government to ratify TPP. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 9th Dec 2016

ACIMIT signs MoU with Pakistan textile bodies

In a bid to strengthen the trading in garments and textiles between...

Textiles | On 9th Dec 2016

‘Less demand may make it hard to achieve export target’

The $48 billion target for textiles and garment exports for 2016-17...

Textiles | On 9th Dec 2016

GST Council may decrease tax rates in future: CBEC

The goods and services tax (GST) Council might reduce the proposed...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Suresh Patel
Sidwin Fabric

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search