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Negotiators involved in the latest round of Trans-Pacific Partnership (TPP) negotiations have continued to make progress on developing packages that will provide access to participating countries' textile and apparel products.
The latest round of talks, which finished on Friday (24 May), saw progress on constructing tariff packages and rules of origin, reflecting input from stakeholders on how best to promote trade and regional integration that would benefit the companies and workers in the United States and the other TPP countries.
During the 10-day talks, the TPP countries - Australia, Brunei Darussalam, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam and said they made progress on services, government procurement, sanitary and phytosanitary standards, trade remedies, labor, and dispute settlement
They also advanced work on the other legal texts, including technical barriers to trade, e-commerce, rules of origin, investment, financial services, intellectual property, transparency, competition, environment and other issues. On the more challenging issues of intellectual property, competition, and environment, negotiators had productive discussions and agreed on next steps to continue their work.
TPP talks have been ongoing since 2009, with many US textile groups expressing concern that Vietnam's inclusion in the free trade agreement, will see the country flood American markets with Vietnamese clothing, while providing limited opportunities for US yarn and fabric makers.
May 29, 2013
Source: Just-style
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