The yarn-forward rule of origin under the Trans Pacific Partnership (TPP), which requires TPP countries to use yarn produced from a TPP country in #
Furthermore, key textile producers in the non-TPP countries that source inputs mainly from the TPP countries could shift investments to Malaysia to take advantage of the yarn-forward rule under the TPP, particularly given that Malaysia has more developed infrastructures than Vietnam. But a few downstream companies that rely largely on non-TPP inputs could relocate out of Malaysia A few downstream companies that mainly source inputs from non-TPP countries indicated that they would be adversely affected by the non-fulfillment of the yarn-forward rule. Consequently, they may consider relocating their business to Vietnam if their input providers already have presence in Vietnam, or to non-TPP countries that already enjoy zero tariff rates to the US without imposing any rules of origin, such as Jordan and Haiti. (SH)
Fibre2Fashion News Desk – India
20240830145952.gif)
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
