Home / Knowledge / News / Textiles / TPP will raise Malaysia's textile exports by 20%: MTMA
TPP will raise Malaysia's textile exports by 20%: MTMA
11
Jul '13
The textile and apparel exports from the Southeast Asian of Malaysia would rise by 20 percent once the currently negotiated Trans-Pacific Partnership (TPP) agreement becomes a reality, the Malaysian Textile Manufacturers Association (MTMA) has said.
 
The TPP agreement would result in elimination of duties on Malaysian textiles and garments and consumers in the negotiating countries would find Malaysian products more competitive, MTMA said in a statement.
 
In 2012, Malaysian textile and clothing exports to TPP negotiating countries amounted to RM3.3 billion, and once the agreement comes into force, the member countries would lower their import duties for Malaysian products, Malaysian news agency Bernama reported.
 
Malaysia is now considered one of the top suppliers in the region due to its quality and timely shipment, the statement said.
 
The association said the TPP negotiations are taking place at an opportune time, as the global textile and clothing industry is becoming more competitive.
 
The 18th round of negotiations for TPP are scheduled to take place in Sabah province of Malaysia from July 15-25, 2013, and the member countries intend to complete negotiations by year-end.
 
The textile and garment industry is the 12th largest foreign exchange earner for Malaysia, involving 2,300 companies that together employ more than 80,000 people.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 28th May 2016

US to rethink on inclusion of Indian PET in GSP

With the US set to rethink the inclusion of polyethylene...

Textiles | On 28th May 2016

China’s textile exports marginally down in Jan-April

The exports of textiles and apparel from China dropped marginally...

Textiles | On 28th May 2016

MMF sector seeks anti-dumping duty on Chinese fabrics

Reeling under the impact of cheap Chinese fabrics, Surat’s textile...

Interviews View All

Frank Gossmann
Rotorcraft AG

What new innovations did Rotorcraft exhibit at the recent textile...

Rahuul Jashnani
Jashn

What is the size of the ethnicwear vertical in India? How are Indian...

Claudia Kersten
Global Organic Textile Standard

What benefits can MSMEs have from GOTS certification? What is the...

Eric Scholler
Groz-Beckert

<b><i>The Indian market has huge potential in technical textiles, and by...

Steve Cole
Xerium Technologies

<b><i>Steve Cole of Xerium Technologies discusses the industry. Xerium is...

Kerem Durdag
Biovation II LLC

<b><i>Kerem Durdag, CEO, Biovation II LLC, provides an insight into future ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Ritu Kumar
Label Ritu Kumar

"There are a lot of people wearing western clothes in India as well. But...

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
May 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search