TPP IS DEAD BUT LIFE GOES ON FOR VIETNAM’S GARMENT SECTOR
November 1st, 2016
Vietnam’ clothing and textile industry has been assessing the impact of losing an anticipated huge garment export boost under the Trans-Pacific Partnership (TPP) now that US president-elect Donald Trump has promised to sign an executive order pulling out of the 12-nation trade deal.
Vietnamese garment exports would have earned 0% tariff treatment in the U.S. under the deal compared to a current average of 32%. This had prompted the World Bank to earlier issue a now-meaningless forecast that Vietnam’s textile and garment exports to the US and Japan under the ...
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