United States : Textiles and Apparel sector benefits from trans-pacific partnership.
U.S. Under Secretary of Commerce for International Trade Stefan M. Selig today released the Trans-Pacific Partnership (TPP) Opportunities for the U.S. Textiles and Apparel Sector Report. The report details how the elimination of various tariffs and other TPP commitments to level the playing field will benefit American companies competing in TPP markets. The textiles and apparel sector includes products such as man-made fibers, yarn, knit and woven fabric, non-wovens, industrial/advanced textile materials, knit and woven apparel, carpets and rugs, and home furnishing products.
U.S. businesses and workers in the textiles and apparel sector will be positively impacted by the elimination of many barriers once TPP is enacted, Selig said. TPP is a high-standard agreement that levels the playing field for our products, making Made-in-America goods more attractive to the fast growing Asia Pacific region.
The U.S. textiles and apparel sector employed more than 372,000 manufacturing workers in 2014. During the same time period, exports totaled $835 million to the TPP markets where we do not currently have trade agreements. The report details the current barriers the sector faces in TPP countries, and demonstrates how the industry stands to benefit once the trade agreement enters into force.
[c] 2015 Al Bawaba (Albawaba.com) Provided by SyndiGate Media Inc. ( Syndigate.info ).
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|Date:||Dec 4, 2015|
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