TPP Agreement, Zero Tariff Policy Brings Pressure, Chinese Textile Enterprises Are Also In Danger.

The analysis said that if Vietnam's influence on China alone was discussed, its impact would be limited for a relatively small scale.

Trans Pacific Partnership Agreement (

A basic agreement has been reached recently. Although it is still necessary for the agreement to be implemented from the conclusion to the landing, the impact of TPP on the development of China's industry in the medium and long term deserves our attention.

The pressure of zero tariff policy also brings pressure on Chinese enterprises.

According to the latest news, if TPP members finally achieve the liberalization of trade in agricultural products, the most affected sectors in China's agriculture sector are rice, meat and sugar, while the sectors most affected by Chinese manufacturing are leather, electronics and

And mineral products.

According to the news, China will be there.

Product exports or negative growth.

Analysis shows that this effect is mainly reflected in the TPP's zero tariff policy.

China is a large exporter of textile and clothing. In the first 8 months of 2015, the total export volume of China's textile and garment industry was 184 billion 400 million US dollars, and exports accounted for about 30%, of which the largest share of the US and Japan exported to TPP countries accounted for about 24% of the total in the exporting countries.

At present, Vietnam, one of the TPP member countries, is also a big exporter of textile products. Its export tariffs will be reduced from 17.5% to 0 in the future, which will bring some pressure to our domestic garment and textile industry.

However, the opposite view is that the impact of such tariffs on domestic industries will be limited and uncertain in the short term. The main reasons are that the tariff policy of various countries needs to be landed for a long time, the progress of China's FTA negotiations has been making progress, and the overall capacity of Southeast Asian capacity is limited.

The analysis also said that China's domestic textile production capacity has begun to pfer to Southeast Asia in recent years. Leading enterprises such as Lu Tai, Bailong and Huafu have a certain capacity layout in Vietnam. These enterprises will benefit directly from the TPP agreement.

Once the zero tariff is applied in the future, the overseas production capacity of these Chinese enterprises will be put into production one after another, which will promote the growth of the order quantity, while the savings in human cost and local tax collection will also help to enhance the profitability of enterprises.

Or bring the influence of clothing industry pfer orders threat limited.

There is also a view that the completion of the TPP agreement negotiations, although Vietnam is expected to become the largest beneficiary country, China's exports to the United States, Japan and Canada may be affected by Vietnam, but because Vietnam's textile and garment industry exports are still small, the impact on China is relatively limited.

According to the introduction, the TPP agreement covers about 20 aspects, including provisions on trade in goods, customs formalities, rules of origin and so on.

As the volume of trade between Member States is increased after the signing of the agreement, trade pfers will be made among countries around the world, but the agreement still needs to be examined by governments, so the final pace of the agreement is uncertain.

Analysts said that Vietnam is expected to undertake more orders from North America in the future. The TPP agreement has formally reached the impact on China's textile and garment industry. The main performance is the pfer of orders to TPP member countries similar to China's related products, 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 pfer is not obvious; Vietnam is expected to take more orders from the United States and Canada through TPP.

However, due to the relatively small volume of exports relative to the total amount of our country in Vietnam, even though the industrial pfer brought about by the TPP agreement, the export impact on China's textile and garment industry is temporarily limited.

Data show that 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 trade increment to the US and Canada is still 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.