VIETNAM TEXTILE AND GARMENT SECTORS STOMACHING TPP DISAPPOINTMENT
December 1st, 2016
Textile and garment makers in Vietnam are overcoming the initial shock of US president-elect Donald Trump in late-October making clear he would issue an executive order to pull out of the Trans-Pacific Partnership (TPP) the day he takes office.
Vietnam, as one of the 12 TPP signatory countries, had been expected to gain greatly from the trade deal, as its garment exports would have earned 0% tariff treatment in the US market compared to a current average of 32%.
America is the top market for Vietnam’s textile and garment exports, with USD10 ...
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