India wants zero duty on textiles, automobile parts and fresh fruit. On its part, Australia is seeking tariff reduction in dairy products, fresh fruit, pharmaceuticals and wines.
Many contract manufacturers in Vietnam are likely to see little benefits if the TPP goes through.
TPP could disrupt the fast fashion momentum and a fledgling made-in-America clothing rebound by renewing the attractiveness of offshore manufacturing via lower tariffs.
House of Representatives call for caution in the implementation of the EPA between EU and Nigeria.
The Pakistan Readymade Garment Manufacturers and Exporters Association (PRGMEA) has cautioned the government to address the issues of the value-added textile sector, as the continued drop in exports may further widen due to Vietnam and European Union’s (EU) Free Trade Agreement (FTA).
There’s a reason President Obama made the case for the Trans-Pacific Partnership at Nike’s headquarters: American clothing companies that want to manufacture their clothes in Vietnam are big winners in the massive trade deal.
Free trade agreements (FTAs) between the European Union (EU) and its trading partners worldwide have mushroomed in recent years and more are in the pipeline.
The European Union (EU) will remove 85.6% of tariff lines for Vietnam’s goods exports immediately after a bilateral free trade agreement (FTA) between the two sides comes into force.
Financial services company India Nivesh has warned that when the Trans Pacific Partnership (TPP) comes into effect, India would be negatively impacted to a major extent.
The reality is that TPP would expand the power of multinational corporations while limiting the ability of the US government to protect workers, communities and the environment.
Indian knitwear exporters have made an appeal to expedite the signing of a Free Trade Agreement (FTA) with the European Union.
Textile factories in Bahrain fear they could lose millions of dollars in trade and thousands of jobs could go if a tariff agreement with the US is not renewed next year.
The Indian textile industry as well as the policy makers are too focused on export incentive scheme for export promotion
Reassured by the renewed confidence of the American voters, President George W. Bush is going to pursue, even accelerate his free trade strategy in next four years by giving special support to bilateral agreements.
EU apparel industry wants a provision forbidding the US Department of Defense from buying products not 100% ’made in the US’ to be repealed by TTIP — but its US counterpart is fighting back.
A host of pending trade agreements could help Vietnam reduce its heavy economic reliance on China, but won’t unless the country takes bold and difficult steps toward developing alternative supply chains and aggressively building up a domestic base range of fabric and component part manufacturers, economists said.
West Point Home, a leading textile manufacturer in the US, is using the offices of American Chamber of Commerce Bahrain to advocate extension of the tariff preference level of the free trade agreement between the US and Bahrain.
Central America is increasingly nervous about Vietnam’s participation in the Trans-Pacific Partnership trade talks, with some experts claiming its inclusion could bring losses of around $6bn to its bread-winning textiles and apparel sector.
As China and its workers get wealthier, global manufacturers are looking south for less expensive places to do business. But Cambodia faces labor strikes. The Thai government suffers endless protests. Burma, also known as Myanmar, needs infrastructure updates. As a result, many companies are setting their sights on Vietnam.
Efforts to drive the Sri Lankan apparel sector into a new growth phase may hinge on the success of the potential free trade agreement (FTA) in the offing with China, according to Joint Apparel Association Forum (JAAF) Secretary General Tuli Cooray.