VIETNAM TEXTILE SECTOR SET TO BENEFIT FROM AUSTRALIA TRADE LINKS BUT STILL FACE STIFF CHINESE COMPETITION
June 1st, 2018
THE NEWLY signed 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) could help Vietnam boost garment and textile exports to the lucrative Australian market significantly. But the Asian clothing makers may still face big challenges in taking market share in this mature market away from China, experts warn.
The CPTPP was signed in March (yet to be ratified) by the 11 member countries - Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam – and is set to slash trade tariffs in a ...
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