USFIA BULLISH ON VIETNAM’S FUTURE AS AN INTEGRATED CLOTHING AND TEXTILE SUPPLIER – EVEN WITHOUT THE TPP
August 1st, 2016
THE UNITED States Fashion Industry Association (USFIA) has predicted that Vietnam’s position as a key supplier of clothing, and hence a buyer of textiles, will remain strong, even if the USA fails to ratify the Trans-Pacific Partnership (TPP) trade deal. According to the 2016 USFIA Fashion Industry Benchmarking Study, 70% of respondent companies said they will increase sourcing from Vietnam in the next two years if their sourcing volume from China decreases.
Julia Hughes, president of USFIA, said Vietnamese textile firms stand to benefit immensely from the TPP ...
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