Vietnam is worried about the shortage of textile raw materials after the TPP comes into effect
According to a report by Saigon Liberation News on February 1, Vietnam accounts for a large proportion of exports of textiles to TPP partner countries. After the TPP comes into effect, Vietnam’s export tariffs on textiles to partner countries will be reduced to zero. However, since most of Vietnam’s textile raw materials are imported from China, TPP rules of origin make it difficult for Vietnamese companies to enjoy zero-tariff benefits.
According to reports, there are approximately 4,000 textile companies in Vietnam, including 650 foreign companies. Garment enterprises account for 70%, weaving enterprises account for 17%, spinning enterprises account for 6%, printing and dyeing enterprises account for 4%, and other supporting enterprises account for 3%. This shows that Vietnam’s spinning, weaving, printing and dyeing links are relatively weak, and the textile raw materials provided are far from meeting domestic market demand. Vietnam is worried about the shortage of textile raw materials after the TPP comes into effect
AAA
Disclaimer:
Disclaimer: Some of the texts, pictures, audios, and videos of some articles published on this site are from the Internet and do not represent the views of this site. The copyrights belong to the original authors. If you find that the information reproduced on this website infringes upon your rights and interests, please contact us and we will change or delete it as soon as possible.
AA
