MALAYSIA’S TEXTILE AND APPAREL SECTOR TO GROW ON THE BACK OF TPP
May 1st, 2016
MALAYSIA’S textile sector will grow by at least 30% thanks to a surge in investments in its textile sector when the Trans-Pacific Partnership (TPP) agreement comes into force, Malaysian Knitting Manufacturers Association (MKMA) executive director Rebecca Chiang has predicted to WTiN.com.
The trade deal’s ‘yarn forward’ rule makes it mandatory to use TPP member country-produced yarn for TPP-made textiles to be covered by the agreement’s market access benefits and it, means “downstream garment exporters need to consume local or TPP country’s ...
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