Home / Knowledge / News / Apparel/Garments / TPP to boost Vietnamese garment exports to Mexico
TPP to boost Vietnamese garment exports to Mexico
12
Sep '16
The Vietnam Textile and Garment Association (VITAS) and Mexico's National Chamber of Textile Industry (Canaintex) expect the value of Vietnamese exports to Mexico to double in 3-4 years after the Trans-Pacific Partnership (TPP) is implemented. This is because tariff on Vietnamese goods exported to Mexico would fall to zero from the current 30 per cent.
 
To lay foundation for bilateral garment cooperation between the two countries, a delegation from Canintex recently visited Vietnam. The team visited several factories and a garment and textile industrial park during their one week stay.
 
Once TPP agreement comes into effect, Vietnam's garment and textile exports will rise sharply and its market share in TPP member countries would increase substantially due to preferential tax policies, Canaintex representatives said.
 
Vietnam has targeted to increase its garment and textile exports from $28 billion at present to $50 billion by 2020, according to VITAS. Of the $28 billion, nearly $11 billion worth of garments were exported to the US, another TPP member country, last year. (RKS)
 

Fibre2Fashion News Desk – India


Interviews View All

Anshul Sood, Oceedee

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Prabu Mohanram, Balavigna Weaving Mills Pvt Ltd

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Frank Gossmann, Rotorcraft AG

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Will Qian,

Will Qian

Honghua Digital Technology Stock Co., Ltd. specialises in the R&D,...

Nuria Estape,

Nuria Estape

Archroma is a global colour and specialty chemicals company headquartered...

Ravindra Jain, Ashish Baid,

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Paolo Ocleppo, Sandvik Hyperion

Paolo Ocleppo
Sandvik Hyperion

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

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant &amp; Nandita are known for being inspired by...

Robert Brunner, Devereux

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search