The agreement of Trans-Pacific Partnership (TPP) has been successfully concluded. The twelve nations included in the TPP agreement are the United States, Australia, Brunei, Chile, Canada, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. These countries represent nearly 40% of global gross domestic product.
NCTO expresses gratitude to U.S. negotiators for their close cooperation on key issues in the textile chapter, responding to the announcement that the Obama Administration has successfully concluded the Trans-Pacific Partnership (TPP).
Like all private sector stakeholders, NCTO is anxious to learn the exact details of the final TPP agreement. Once it is released to the public, NCTO will undertake a thorough analysis of the text to assess the impact of the agreement on domestic textile manufacturers.
NCTO President Augustine Tantillo, who was in Atlanta for the talks said that they would like to thank Ambassador Michael Froman and the U.S. government for working closely with NCTO throughout the entire TPP process. Though they are waiting to examine the final details, their briefings at the Atlanta TPP round lead them to believe that U.S. negotiators were able to achieve a well balanced and reasonable outcome for U.S. textile manufacturers and their partners within the Western Hemisphere.
The U.S. textile and apparel industry is a significant contributor to the overall U.S. economy, producing over $70 billion in annual output and employing nearly 500,000 workers nationwide. In addition, the U.S. textile and apparel sector exported nearly $24 billion in goods in 2014.
In 2014, textile and apparel exports from the current TPP countries to the U.S. totaled $19 billion. Tantillo stated. This included the need for TPP to establish a yarn forward system as the basis for rule of origin determinations and the setting of multi-year tariff phase-outs on sensitive textile and apparel products.
Indorama Ventures has teamed up with Suntory, Iwatani, and others to introduce the first commercial-scale bio-PET bottle, made from certified…
Milliken & Company has introduced Milliken Assure, first flame-resistant moisture barrier for firefighter turnout gear that is free from PFAS…
Paradise Textiles has collaborated with Kintra Fibers, a leader in bio-based fibers, to produce the first garment made from Kintra’s…
Swisstulle adopted JigMaster for its dyeing and finishing operations, especially for high-quality technical textiles used in fashion and automotive industries.
Birla Cellulose, a leader under the Aditya Birla Group, has announced a long-term partnership with Circ, a U.S.-based textile recycling…
CARBIOS has collaborated with leading brands Patagonia, PUMA, Salomon etc. to create a groundbreaking polyester garment made entirely from textile…