The TPP Apparel Coalition has applauded the signing of the Trans-Pacific Partnership (TPP). Today's signing is an important step that sets the stage for ratification by each of the TPP countries. Timely ratification and seamless implementation is important so that our industry and the millions of American workers they employ can take advantage of the benefits of the TPP, the coalition said according to a press release by the US Fashion Industry Association (USFIA).
The TPP Apparel Coalition supports the TPP agreement and the provisions that generate new trade and investment opportunities for the benefit of workers, businesses, and families. These opportunities include buying and selling goods and services, sustaining and growing well-paying US jobs, and providing high added value for the US and TPP economies.
This ground-breaking trade agreement will join together consumers in the US and 11 other TPP partners. Representing 40 percent of the world's GDP, the TPP will help apparel brands and retailers reduce costs, enter new markets, and support trade-based jobs.
The deal was signed in Auckland, New Zealand today. (SH)
Fibre2Fashion News Desk – India