The US Election Dust Settled. Trump Threatened Not To Take Part In TPP To Give Taiwan Textile Opportunities.

TPP the tightest constraint on Taiwan's textile industry is "Yarnforward (starting from yarn)", that is, it will be exempt from customs duties from the beginning of the yarn in the TPP member states. But Taiwan is not a member of TPP, so the export of Taiwan made fabrics and yarns to TPP member congress is subject to high tariffs. When trump campaigned for president of the United States, he threatened to stop participating in TPP. The textile and Development Association said that TPP had strict rules on raw materials. If the future TPP is no longer carried out, it will return to the original bilateral and multilateral trade negotiation mode, which will relax the Taiwan textile industry.

Collison, the former US trade representative's deputy negotiator and the head of D.C. Office of ST&R Office of the United States, invited NicoleCollison to Taiwan to take part in the seminar.

Collison said that the mainland led regional comprehensive economic partnership agreement (RCEP) may be replaced in the future. Trans Pacific Partnership Agreement (TPP) some of her clients told her after the US election that they might be placed on RCEP in the future. After all, RCEP accounts for 40% of the world's trade volume and up to 3 billion of the population, and the RCEP scope is not as comprehensive and difficult as TPP, which is relatively easy for Taiwan.

Collison, for example, thinks her customers think that tariffs on high and low tariffs for goods imported from China and other countries to the United States can be controlled, but trade barriers are cumbersome; if there is no future, TPP More attention must be paid to multilateral or bilateral trade negotiations.

Yang Xiaoqin pointed out that if TPP does not continue in the future, yes. textile industry It is not bad for the Taiwan raw materials to be exported to the processing zone in Southeast Asia because of the limitation of "starting from the yarn from the yarn" to the TPP. She said that, compared to TPP, RCEP had more relaxed regulations on the original place, so long as the regional value ratio could be reached. Although Taiwan was still not a member of RCEP, it would be helpful for Taiwan's textile industry if it had the chance to join in the future. Taiwan's textile industry could still regard RCEP as a big market. In particular, Vietnam, which accounts for the largest export value of textiles in Taiwan (about 22%), has lifted the high tariffs imposed on Vietnam by TPP, which is unable to purchase yarn or cloth from Taiwan.