TPP Agreement Helps To Reduce Foreign Trade Tariffs

Vietnam to the United States

Exports accounted for 6% of us footwear imports in 2012, up from 12% in 2014, while China was the largest source of footwear imports in the United States, accounting for 79% of us footwear imports in 2014.

Therefore, the world

According to the annual report,

It has far-reaching implications for Vietnam and China's footwear industry.

Following the 1 day of the 12 countries reached the Pan Pacific Cooperation Agreement (TPP) in October 5th, MattPriest, chairman of the footwear industry distribution and retail association (FDRA), commented: "over the past year, the US footwear industry has been spending $2 billion 700 million on customs duties, of which the TPP agreement has 450 million dollars.

FDRA has been committed for many years to reduce the tariff burden of footwear manufacturers and consumers in the United States, and the conclusion of the TPP agreement will help to promote employment and enhance innovation in the footwear industry of the United States. "

Statistics from the world footwear industry annual report (WorldFootwearYearbook) show that Vietnam's exports of footwear to the United States increased from 6% of us footwear imports in 2012 to 12% in 2014, while China was the largest source of footwear imports in the United States, accounting for 79% of us footwear imports in 2014.

Therefore, the world footwear industry annual report holds that the TPP agreement has far-reaching implications for Vietnam and China's footwear industry.

Meanwhile, StephenSothmann, chairman of the American Leather Association (USHSLA), said in a statement: "USHSLA will continue to support TPP as always.

The conclusion of the agreement will help reduce the tariffs of leather and footwear products in the United States to Vietnam, Japan and other countries, and enhance the interests of the leather industry chain of the Contracting States through strengthening animal welfare, tariffs and border trade agreements.