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

Courtesy: Nine West

Fashion | On 17th Jun 2018

ABG wins bid in Nine West Holdings auction

Authentic Brands Group (ABG), owner of a global portfolio of...

Courtesy: Kreussler

Textiles | On 17th Jun 2018

USDA certifies Kreussler's solvent as biobased

The US Department of Agriculture (USDA) has certified Kreussler's...

Courtesy: ITUC

Textiles | On 17th Jun 2018

Democratic space shrink & corporate greed are rising: ITUC

Shrinking democratic space for working people and unchecked corporate ...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Paolo Ocleppo
Sandvik Hyperion

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Madhu Jain
Madhu Jain

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

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search