Home / Knowledge / News / Textiles / Rule of origin puts Vietnamese garment industry in a spot
Rule of origin puts Vietnamese garment industry in a spot
15
Sep '15
The inking of a Trans-Pacific Partnership (TPP) is likely to have a clause on the origin of goods, presenting a challenge to Vietnam's textile and apparel industry. The point was brought up at the recently concluded Vietnam-Republic of Korea scientific seminar on garment technology, which was held in Ho Chi Minh City, as per Vietnamese media reports.

The rules of origin is an integral part of the trade agreement and expressing his concerns, Moon Byung-chul, commercial counsellor at the Republic of Korea Consulate General, said at the event, “Vietnam must follow TPP's 'yarn forward' rule of origin, which requires manufacturing textile and apparel products using only the US and other TPP countries' yarns and fabrics to qualify for the benefit of the agreement.”

Vietnam, even after being one of the world's largest garment exporters, still imports raw materials from countries like China and Korea. The lack of weaving, dyeing, and fibre manufacturing units impose challenges on Vietnam's garment sector.

Fearing the high risk of environmental pollution, many dyeing and weaving projects have failed to get licenses from the concerned Vietnamese government authorities in recent times.

Developing an infrastructure equipped with dyeing and weaving facilities and waste treatment plants can help Vietnam wade off the rule of origin concerns and attract foreign investment. (HO)

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Silke Brand-Kirsch
Schlegel und Partner

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Igor Chapurin
Chapurin

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

Jay Ramrakhiani
Occasions Elegance Wear

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

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
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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