TPP And TTIP Will Change The Trade Status Of The US Textile Industry.

The negotiations on the two major free trade agreements (P), namely "a href=" http://www.91se91.com/news/index_c.asp "trans Pacific Partnership Agreement < /a >" (Trans-Pacific Partnership, TPP) and "cross the Atlantic trade and investment partnership agreement" (Transatlantic Trade and Transatlantic), will have a broad impact on the textile and clothing trade in the United States once it is completed and effective. At present, 20 countries have signed FTA with the United States, and the number will increase to 54 countries after the entry of TPP and TTIP. < /p >
< p > at present, the focus of attention of the American textile and garment industry is whether the final agreement text of TPP and TTIP includes "yarn-forward" clause; most of the FTA uses this plateau as the "a href=" http://www.91se91.com/news/index_c.asp "textile > /a > plateau identification standard. The so-called "yarn starting" plateau means that the materials used in the textile industry should be derived from the "yarn" (yarn) and "fabric" (fabric) of the FTA member countries, so that they can enjoy preferential import tariffs on textiles and garments. < /p >
< p >, however, < a href= "http://www.91se91.com/news/index_c.asp" > TPP < /a > the more complicated plateau is due to the import and export of main textiles and garments, such as Vietnam, and now it is imported from the non TPP member countries such as China and Korea. If the "beginning of the yarn" is excluded, the Vietnamese textile industry continues to use yarn and fabric imported from non TPP member countries to make textiles and clothing, but is still able to export its textiles to the United States at a lower or zero tariff. Therefore, even if the exporting countries of other yarns and fabric fabrics are not TPP members, they will benefit from the TPP negotiations, while the proportion of Vietnam's garment industry in the US market will also increase. < /p >
< p > on the other hand, as the 28 member countries of the European Union are the largest export markets in the US, the TTIP of the US and the EU will have a major impact on the textiles and clothing industry in the United States once it is completed and effective. EU retailers may choose to import tannin cloth from the United States instead of importing from Asian countries. TPP is expected to complete negotiations in this (2014) year, but TTIP is still in the front stage of negotiations. < /p >
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< p > the trans Pacific Partnership Agreement will break through the traditional free trade agreement (FTA) mode and reach a comprehensive free trade agreement including all goods and services. The trans Pacific Partnership Agreement will have an important impact on the process of economic integration in the Asia Pacific region. It may integrate the two major economic regional cooperation organizations in the Asia Pacific region, that is, the main members of the Asia Pacific Economic Cooperation Organization and the association of Southeast Asian nations. It will develop into an Asia Pacific free trade area covering the majority of members of the Asia Pacific Economic Cooperation Organization (APEC) and become a Small World Trade Organization (WTO) in the Asia Pacific region. < /p >
With the opportunity of using the G8 summit, EU leaders and US President Obama plan to start negotiations on the trans the Atlantic trade and investment partnership (P) agreement (TTIP). The negotiators of the two sides plan to complete the negotiations before the end of next year. On [span]3 12, the European Commission announced that it formally authorized the launching of the "EU - US inter the Atlantic trade and investment partnership agreement" negotiations. [span] Europe and the United States account for about half of the world's gross domestic product. The world trade volume is 1/3, with an average daily trade volume of US $2 billion 700 million and mutual investment of US $3 trillion and 700 billion. If the [span] agreement is reached, it will become the largest free-trade agreement in history: tariff reductions to zero in the US and Europe, 1/3 in the world trade volume and 1/2 in global GDP. To a large extent, TTIP will change world trade rules and industry standards, and challenge emerging trade countries, especially the quasi trade alliance among BRICs. < /p >
There is a huge demand for TTIP in the US and Europe. Although the average tariff level across the Atlantic is only 3% to 5%, the role of tariff cancellation is still huge, not only simplifying customs clearance procedures, but also opening up the public procurement market and stimulating the economy, thereby benefiting the US and Europe, which are in deep recession and lack of recovery. According to the European Union's independent research report, after the entry into force of TTIP, the EU's total exports to the US will grow by 28%, and the EU will benefit 119 billion euros a year. According to the average calculation, every four households in the European Union will increase the disposable income of 545 euros annually, and at the same time, it will bring 100 billion GDP growth to the world. Most of these gains are based on the decline of regulatory burden brought about by TTIP, simplification of procedures, liberalization of trade in services and public procurement. < /p >