Philippines'S Local Shoe Making And Garment Industry Can Not Benefit From TPP.

Philippines exporters believe that local manufacturers of shoes and clothing can hardly meet the requirements of overseas importers under the US led TPP agreement.

Sigil Maodisluis, chairman of the Philippines Export Federation, said the world bank may have misjudged the plight of the Philippine domestic sector.

Sigil also mentioned that

Looking at the GSP+ system with the EU, it is believed that it can promote trade.

Between Philippines and the European Union "

"The plan began in December 2014. Under the framework, about 6200 tariff products exported to Philippines can enjoy zero tax treatment.

In the World Bank report,

The export volume of clothing industry and footwear industry will be reduced by 19% due to the market competition among TPP members.

Sigil believes that the problem of clothing industry and footwear industry is not in the market link, but in the production process, producers can hardly meet the production requirements of the importing countries such as the United States.

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In order to expand trade cooperation between China and South Korea, the Ministry of industry and Commerce resources of Korea and the Korea trade and Investment Promotion Association (KOTRA) and the China Council for the promotion of international trade (CCPIT) jointly organized the "China South Korea joint FTA application promotion conference".

South Korean experts said at the meeting that after the formal entry into force of the FTA between China and South Korea in late 2015, South Korea's imports from China increased substantially, mainly in the fields of electronic machinery, auto parts and consumer goods.

More than 200 people from Korea and Chinese enterprises attended the briefing.

Yin Zonghua, vice president of the China Council for trade promotion and vice minister of the China Council for trade promotion, and Hong Xiaodong, deputy director of the International Department of the Ministry of Commerce, attended and delivered speeches.

Yin Zonghua said that China and South Korea FTA are the most widely covered FTA covered by China and the largest trade volume involving countries.

In addition, the experts conducted a detailed interpretation and strategic analysis of China Korea FTA.

Zheng Huanyu, a South Korean expert, said that after the formal entry into force of the FTA between China and South Korea in late 2015, South Korea's imports from China increased substantially, mainly in the fields of electronic machinery, auto parts and consumer goods.

South Korean experts believe that the recent slowdown in China's economic growth has led to weaker exports to China, and Korea's exports to China decreased by 17.6% in 1~2 months.

However, the import market share in China has increased to 11.3% compared with 10.9% in 2015, creating a new historical record.

In particular, some consumer goods such as milk powder, dried fruits, chocolate and leather goods are benefited from China and South Korea FTA. The export of 1~2 this year has increased by two digits over the same period last year.

In addition to consumer goods, industrial glass products, flat rolled steel products, laser hair removal machines, forging machines and other products also achieved more than 100% of export growth.

At the meeting, Li Haodong, director of the Ministry of industry and Commerce resources of Korea, stressed that the recent weakening of South Korea's export to China has eased, and that Korean enterprises need to use the FTA effect of China and Korea to actively explore the Chinese consumer market.