AFTER NEW ROUNDS OF TPP TALKS, VIETNAMESE TEXTILE INDUSTRY STILL AWAITING CLARITY ON SHORT-SUPPLY LIST
May 1st, 2013
Vietnam’s clothing and textile sector has failed to secure a comprehensive breakthrough settling disputes over the planned Trans-Pacific Partnership (TPP) yarn-forward rule during negotiations held both in Vietnam (May 12 to 15) and in Singapore (May 19 to 20). There was no deal on the controversial “short-supply list” proposals regarding exceptions to the TPP’s yarn-forward provisions, which stipulate that textiles are made with materials from TPP member countries in order to receive tax-free import benefits in TPP markets.Although Vietnam is the fifth ...
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