VIETNAM GARMENT SECTOR SET TO INCREASE RELIANCE ON US YARN AFTER GAINING TPP FREE-TARIFF TREATMENT
May 26th, 2015
Although the final details of the Trans-Pacific Partnership (TPP) trade agreement have yet to be agreed, it is all but certain that the TPP’s free-tariff treatment for Vietnamese garments will see substantial amounts of yarn being shipped from US textile mills to garment factories in Vietnam, with the resulting clothing returning to the USA as finished ‘Made in Vietnam’ products. Such trades will be at the expense of China, which is not part of the TPP talks, say observers, who cited to WTiN.com pressure from TPP countries having a significant upstream ...
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