American Policy, Spring Breeze, All Inclusive Industries

The textile and garment industry will usher in the development of spring again in the United States.

It is reported that the bill for the trial includes the trade promotion Authorization Act (TPA), the Trade Adjustment Assistance Act (TAA), and the updated trade preferences scheme, including the African Growth and Opportunity Act (AGOA). These bills are of great significance to the development of import and export trade of the textile and garment industry in the United States.

Juunita Dagen Duggan, President of the AAFA, said that TPA can promote the negotiations between the United States and the Asia Pacific and European Union countries, because the signing of TPA means that the US Congress will set the goal of trade negotiations for the government, and promises that once it reaches a trade agreement, it will vote directly on Juanita and make no changes to the content. It can be said that the adoption of TPA paved the way for subsequent trade plans, such as the African Growth and Opportunity Act and the GSP.

Juunita Dagen said: "we are confident that Congress will ratify these trade measures as soon as possible, which is very important for us textile and garment enterprises in the United States or overseas, and can effectively help them reduce import costs and promote investment and import and export trade growth."

　　 American fashion industry association President Julia Hughes also said: "TPA is very important for the trade development of the American fashion industry. Because TPA will prompt the Obama administration to reach a trans Pacific Strategic Economic Partnership Agreement (TPP). TPP It is the core support of us fashion brands and retailers in the Asia Pacific region. There are many members of the American fashion industry association. They not only import products from all over the world, but also sell American fashion and other fashion products to the world. Textile and clothing brand Retailers, importers and wholesalers are hopeful of passage of bills and the development of future industries.

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The rapid growth of Sino Vietnamese economic and trade relations is evident from the above figures. Expert analysis shows that China and Vietnam have close geographical location and strong economic complementarity, and the two sides need to strengthen cooperation in economic and trade cooperation. Economic and trade cooperation between China and Vietnam is an important driving force for the sustained economic growth of both sides, especially Vietnam.

Over the past ten years, Vietnam has been one of the fastest growing countries in China's foreign trade. Data show that in 2014, the total import and export value of China and Vietnam was 83 billion 696 million US dollars, which is 18 times higher than that of 2003's 4 billion 630 million US dollars, with an average annual growth rate of over 30%, far higher than the average annual growth rate of China's foreign trade 18% over the past more than 10 years.

According to customs statistics, Sino Vietnamese trade has been one of the fastest growing countries in China's foreign trade in the past ten years. Data show that bilateral trade volume between China and Vietnam was only 4 billion 630 million dollars in 2003. In 11 years, the volume of trade between China and Vietnam has increased by 18 times as much as that in 2003. The average annual growth is more than 30%, far higher than the average annual growth rate of China's foreign trade 18% over the past more than 10 years.

From the perspective of trade products between China and Vietnam, China's exports to Vietnam are mainly raw materials and machinery. According to statistics, in 2013, Vietnam accounted for 18% of the main products imported from the Chinese market, including 15% of machinery and equipment and accessories, 15% of raw materials for textiles, leather and shoes, 15% of telephone and accessories, 12% of computers and electronics, and 9% of steel and various products.

It is reported that China has become Vietnam's largest trading partner for 11 consecutive years, and is the second largest export market after the US, and Vietnam's largest fruit export market and more than 30% of the export market of rice and other agricultural products. Over the past two years, Vietnam has surpassed Singapore as China's second largest trading partner in ASEAN, ranking behind Malaysia.

In 2013, the prime ministers of the two countries indicated that they should promote trade facilitation and strive for bilateral trade volume to reach US $100 billion in 2017 and encourage entrepreneurs from both countries to invest in the other countries.

In fact, China is also one of the countries that invest more in Vietnam. According to the Foreign Investment Bureau of the Ministry of investment and planning of Vietnam, as of March 20, 2015, there were 1112 more effective investment projects in mainland China, with a total contract value of nearly US $8 billion, ranking the ninth among the countries and regions that invested more.

The Sino Vietnamese economic and trade development potential is huge, which is reflected in the Sino Vietnamese joint communiqu on 8. The communiqu held that the Chinese side supports Chinese enterprises to invest in Vietnam, and is also willing to create more convenient conditions for Vietnamese enterprises to explore the market in China. Vietnam will provide necessary conveniences for Chinese enterprises to invest in Vietnam. To promote bilateral trade stability, balance and sustainable growth, China encourages Chinese enterprises to expand the import of Vietnam's competitive commodities, and the two sides actively study the signing of the Sino Vietnamese border trade agreement (Revised Version).