Blog: TPP winners and losers
Leonie Barrie | 19 October 2015
Continuing just-style’s coverage of the potential impact of the Trans-Pacific Partnership (TPP) trade agreement, last week we took a look at the apparel and textile producing countries most likely to benefit – or not.
David Birnbaum agrees that Vietnam will be the big winner — but believes the greatest loser will almost certainly be US textile manufacturers.
Two separate reports also point to Vietnam's apparel and shoe makers as among the biggest beneficiaries of the TPP’s lower import duties with the US and Japan. But the country’s shortfall in fabric and dyeing facilities could hinder the potential gains, they say.
According to statistics released last month by the World Trade Organization (WTO), five important patterns emerged in world textile and apparel trade from 2013 to 2014. From overall growth, to Asia’s momentum, China’s competitiveness and made-in-USA trends, we take a look.
Meanwhile, the Kenyan government has earmarked the textile, apparel and leather sectors as key drivers of major economic growth under a decade-long plan to transform the country into a newly industrialising middle-income nation.
And Argentina's textile and apparel industry is confident this month's presidential elections will help change the course for a sector facing a flat 2015 amid falling consumption, exports and profits.
When it comes to developing or adapting an apparel brand or retailer's production strategy, there are six key factors to consider, according to one industry expert. While flexibility, communication and the right partnerships each have a role to play, it's also important to combine quality, speed and compliance.
China’s port city of Dalian has announced new plans to boost its local garment manufacturing industry with the creation of six development centres,including one to improve exports.
Nike is accelerating its 'manufacturing revolution' by partnering with a sketch-to-scale business to develop innovative footwear that can reach consumers more quickly, while offering customisation and increased performance.
And US apparel fastener and trim supplier Talon International says it is trialling new stretch and recovery technology for the athletic and growing athleisure markets, in addition to a complete “game-changer” for the zippers.
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