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TPP offers opportunities to Canadian retailers
22 Jun '16
3 min read
are unable to source certain fibres and fabrics from within the TPP region. The Short Supply List essentially allows producers to take advantage of the preferential tariff treatment for end products whose fibres and fabrics originated from outside the TPP region, if the fibre or fabric is listed on the Short Supply List. There are 194 fibres and fabrics on the Short Supply List, however, some fibres and fabrics are listed as temporary and will be removed from the list five years after the TPP has taken effect.
Finally, the TPP also allows for an end product to be comprised of up to 10 percent non-originating production materials and still qualify for preferential tariff treatment. Consequently, textile and apparel goods set out in Annex 4-A may qualify as TPP originating goods even if they contain non-originating materials, where the total weight of the non-originating materials is not more than 10 per cent of the total weight of the good. (SH)
Finally, the TPP also allows for an end product to be comprised of up to 10 percent non-originating production materials and still qualify for preferential tariff treatment. Consequently, textile and apparel goods set out in Annex 4-A may qualify as TPP originating goods even if they contain non-originating materials, where the total weight of the non-originating materials is not more than 10 per cent of the total weight of the good. (SH)
Fibre2Fashion News Desk – India
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