Apparel groups might need to alter supply chains to benefit from TPP - AAFA
05/02/2016
“While there are some immediate opportunities for apparel, most apparel articles are constrained by extremely restrictive rules of origin and long duty phase-outs, meaning benefits will take longer to realise,” it said.
"A more accelerated and flexible approach for apparel and legwear would have created more immediate benefits and export opportunities for domestic manufacturers.”
However, it says if apparel firms can adapt their supply chains and will benefit as new investments occur, trade patterns shift, and other countries join the TPP.
"We urge the Administration to work with Congress to build support for timely Congressional consideration and approval of TPP, and to ensure that the agreement is implemented in a clear and seamless manner.”
The US apparel, footwear, and accessories industry employs more than four million workers, and represents more than $360 billion in retail sales. AAFA represents more than 1,000 brands.
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