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Chinese textile industry may be affected as US and Vietnam push for TPP

Related Keywords: Chinese textile sector, may be affected, meet Barack Obama, nation free trade plan, Nguyen Phu Thong, push the trade partnership, reduce textile imports, to qualify for duty free trade, TPP, Trans Pacific Partnership, US and Vietnam join hands, Vietanamese Communist party chief, yarn forward

China's export industries, the textile sector in particular, may possibly be affected as the US and Vietnam join hands in pushing the trade partnership. Vietnamese Communist Party chief Nguyen Phu Thong held talks on July 7 at the White House with US president Barack Obama covering the Trans-Pacific Partnership (TPP), the 12-nation free trade plan that Obama hopes to implement as a legacy of his two-term presidency.

Vietnamese enterprises want to take up China plus one policy to ease reliance on China

Related Keywords: China plue one policy, material supplier, reliance on China, TPP, Vietnamese textile and garment companies, yarn forward

China plus One or China +1 is an international business strategy that consists of the expansion of one company's current operations in China, to another country having low wage rate, strong infrastructure and a suitable atmosphere for business. China plus one, strategy is followed by Japanese investors over the last many years as well. Vietnamese textile and garment companies want to take up the “China plus one” policy in an effort to escape reliance on China as its biggest material supplier.
 

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