Related Keywords: impact of TPP, largest spinner of merino possum blends, New Zealand wool, tariff saving, textile sector export, to be modest, TPP tariff reductions, Wingate based textile manufacturer, Woolyarns, worth million annually
New Zealand's wool, leather and textile sectors export $621 million worth of products annually. They face $4 million worth of tariff savings when the Trans-Pacific Partnership (TPP) tariff reductions have fully kicked in. All tariffs on those sector's exports would be eliminated in the 12 TPP countries once the deal was fully implemented.
