The TPP Agreement Has Limited Influence On China'S Textile And Garment Industry.

　　 TPP With the completion of the agreement negotiations, Vietnam is expected to become the biggest beneficiary. China to the United States, Japan and Canada Spin Clothing exports may be impacted by Vietnam, but because of Vietnam's textile industry clothing The scale of export is relatively small, and its impact on China is relatively limited.

The TPP agreement covers 20 aspects, including trade in goods, customs formalities, rules of origin and so on. As the volume of trade between member countries is increased after the signing of the agreement, trade will be spanferred across the world.

But the agreement still needs to be examined by governments, so the final pace of the agreement is uncertain.

The reduction of trade barriers in member countries will lead to trade diversion, but it has little impact on countries that have established free trade agreements. Vietnam is expected to undertake more orders from North America. The impact of the TPP agreement on China's textile and garment industry is mainly due to the spanfer of orders to TPP member countries, such as Vietnam and Mexico. Among TPP member countries, Mexico has already signed free trade agreements with the US, Japan and other countries, so its industrial spanfer is not obvious; Vietnam is expected to take more orders from the United States and Canada through TPP.

Due to the relatively small export volume relative to the total amount of our country in Vietnam, the impact of industrial spanfer caused by the TPP agreement on China's textile and garment industry is temporarily limited.

Vietnam's textile and clothing exports are smaller than that of China, and the total export volume of its clothing products is about 7.3% of that of China. With the TPP agreement, the possible increase in the trade increment of the United States and Canada is smaller than that of China's existing trade volume. Meanwhile, Vietnam's total textile imports amounted to US $9 billion 400 million in 2014, and the total export volume of China's textile yarn was about US $112 billion 100 million over the same period. Therefore, the increased demand for raw materials also has limited impact on the export of China's textile and garment industry.