The negotiations on the Trans-Pacific Partnership Agreement (TPP) is taking place in Saigon at the moment with the participation of New Zealand, Chile, Singapore, Brunei Darussalam, Peru, United States, Australia, Malaysia and Vietnam. If an agreement is made with the inclusion of Vietnam in to the TPP, Vietnam clothing manufacturers will be given a great opportunity to expand their market shares in the US. Recently, there are some issues made by 51 members of the US Trade Representative about the fact that Vietnam clothing manufacturers can take import tax advantages from the Agreement which may lead to the dominance of Vietnamese clothes in the US market and the reduce of textile and apparel jobs for U.S people. These concerns are critical because Vietnam clothing manufacturers are already the second largest supplier of textiles and apparel to the US behind China. Therefore, the meeting would concern about the extent to which some new rules should be presented if Vietnam is given the right to join the Partnership. The meeting will end on 24th June and until that time, it will grab the most attention of Vietnam clothing manufacturers.
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