Home / Knowledge / News / Textiles / NRF, Gap back TPP
NRF, Gap back TPP
06
Oct '15
The National Retail Federation (NRF) in the US has praised the successful conclusion of the Trans Pacific Partnership (TPP). It is now waiting to review the final agreement.

“Trade agreements are vital for American retailers large and small. They help merchants provide high-quality, low-cost goods to US consumers, and provide new overseas market opportunities for American companies and workers. It's taken hard work on the part of US negotiators to conclude this agreement, and we congratulate United States Trade Representative Michael Froman and his team for achieving an agreement,” NRF Senior Vice President for Government Relations David French said in a statement.

“International trade supports millions of jobs in the retail industry, and that number will only grow with passage of TPP. NRF looks forward to reviewing the final agreement with our members to identify the benefits for retailers and their customers,” he added.

NRF's recent report titled 'Trade Matters to American Retailers and Families' found that international trade supports 6.9 million US jobs in the retail and restaurant industries alone. Passage of the TPP and the Transatlantic Trade and Investment Partnership – the other major trade agreement currently being negotiated – could help eliminate nearly $6 billion in tariffs that drive up prices of many imported consumer goods.

NRF is the world's largest retail trade association, representing discount and department stores, home goods and specialty stores, main street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the US and more than 45 countries.

Another American fashion label, Gap has also hailed the TPP.

"International trade is vital to the global competitiveness of Gap Inc.,” said Sonia Syngal, Executive Vice President of Global Supply Chain and Product Operations, Gap Inc. “We employ tens of thousands of Americans who work in a variety of positions and professions across our company, and trade helps to sustain these jobs. We applaud the work of United States Trade Representative Mike Froman and other negotiators to conclude the TPP, which will create new opportunities for trade and investment for Gap Inc. and the retail industry.” (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Apparel/Garments | On 21st Sep 2017

UK fashion exports £10.7 bn in 2016; highest till now

Exports of British fashion goods rose to £10.7 billion in 2016, the...

Apparel/Garments | On 21st Sep 2017

BFC announces partnership with Chinese firm JD.com

The British Fashion Council (BFC) has forged a new partnership...

Textiles | On 21st Sep 2017

Indonesia’s textile exports may reach $15 billion by 2019

Indonesia’s textile-related exports are projected to reach $15...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Paolo Ocleppo
Sandvik Hyperion

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Pranav Mishra
Huemn

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

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search