ASIA’S TEXTILE AND APPAREL EXPORTING COUNTRIES MAYBE COOL ON TRUMP PUSH FOR BILATERAL FTAS
January 1st, 2017
As US President Donald Trump on January 23 pulled America out from the Trans-Pacific Partnership (TPP) with an executive order, he signalled he will instead ask Asian TPP members for bilateral free trade agreements (FTAs). This includes countries such as Vietnam that rely on apparel and textile exports. The TPP was also to have included Canada, Mexico, Japan, Australia, New Zealand, Chile, Peru, Malaysia, Singapore and Brunei.
But it is unclear whether there will be that much enthusiasm among these former TPP partners for straight one-on-one trade deals ...
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