TPP Agreement Helps Vietnam's Ready-Made Garments Exports To Us Doubled.

According to "Vietnam" Spin Data from VietnaTextile and Apparel Association: Vitas (Vietnam) in the first half of this year, exports of garments to the United States amounted to US $11 billion, an increase of 1 billion 200 million US dollars over the same period (2014) over the same period of 2015.

The association said that the export of garment exports will grow two times after the signing of the TPP.

　　 Vietnam? Dang Phuong Dung, Deputy Commissioner of customs and customs, said that the United States is the largest garment market in Vietnam and imports about 50% of Vietnamese made garments. According to the canal, the United States currently imposes tariffs on 15-16% textile and clothing imports to Vietnam, but once the TPP is signed, the tariff will be reduced to 0%.

however TPP The rules of origin also set high standards for garments export, which poses a great challenge to the Vietnamese local garment industry, because the raw materials related to garment industry in Vietnam are highly dependent on imports. Therefore, Vietnamese textile manufacturers need to use each other's products as raw materials to produce the finished products of garments so that they can make profits in this multilateral agreement.

According to " U.S.A Data from U.S. Fashion Industry Association: USFIA, a lot of American apparel manufacturers find more suppliers in TPP countries after the TPP agreement comes into effect. Vietnam is the highest in this list.