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M’sia to get benefits of FTA with 4 countries under the TPPA

Related Keywords: duties will be abolished with implementation of TPPA, import duties of textile product, Malaysia to get benefit of FTA, Minister for International Trade and Industry, Regional Comprehensive Economic Partnership, to US will be eliminated, under the TPPA, with four countries, zero tariff

Malaysia to get benefit of free-trade access (FTA) with four countries the US, Canada, Mexico and Peru under the Trans Pacific Partnership Agreement (TPPA) with which it does not have any agreement yet, said Datuk Seri Mustapa Mohamed, Minister for International Trade and Industry.

AKFTA accelerates Vietnam textile industry

Related Keywords: AKFTA, ASEAN Korea free trade agreement, certificate of origin norms, FTA, growth in Vietnam textile and garment industry, largest importer of textiles and garments, South Korea garment market, Vitas, zero tariff

The ASEAN - Korea Free Trade Agreement (AKFTA) led to a significant growth in Vietnam's textile and garment industry. According to its open-access commitment, Vietnamese textile and garment products that satisfy certificate of origin norms will enjoy zero tariffs once the agreement takes effect from January 1, 2016. Currently, Vietnamese firms pay a tax of 8 to 13 percent.

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