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industry wants a provision forbidding the US Department of Defense from buying products not 100% ’made in the US’ to be repealed by TTIP — but its US counterpart is fighting back.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.
From the view of the textiles and apparel industries, all eyes will be on whether a yarn-forward provision has been included or not in the final documents.
Bangladesh has criticised the decision by the United States to cut trade privileges in the wake of a deadly garment factory collapse, insisting it had taken concrete action to improve safety.
President Barack Obama cut off long-time US trade benefits for Bangladesh on Thursday in a mostly symbolic response to conditions in the country’s garment industry that have cost more than 1,200 lives in the past year.
Sportswear producers such as Adidas are turning to Central America to complement China as a source for apparel as the region’s proximity to the US allows for quick turnaround of orders during peak seasons.
Eyeing to boost its garment and other textile items exports, the Government of Pakistan is exploring the prospects of Preferential Trade Agreements (PTAs) with various countries.