Home >

TPP Is Of Great Significance To China's Textile And Garment Industry.

2016/3/11 16:34:00 63

TPPTextile And Garment IndustryChinese Market

The 12 countries of the United States, Japan, Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam formally signed the p Pacific Partnership Agreement (TPP) in Oakland.

TPP member countries will reduce or reduce import tariffs on textiles and garments, and more than 1 kinds of commodities.

Affected by this, the competitiveness of China's textile and clothing will be greatly weakened.

The competitiveness of the US and Japan market is weakening.

In the first 10 months of 2015, China exported 234 billion 980 million US dollars in textile and clothing products, and the proportion of exports to the United States and Japan reached 23.5%.

Vietnam, Mexico and other TPP member countries are our biggest competitors in the United States and Japan.

After the entry into force of the agreement, TPP member enterprises can enjoy FTA in the US and Japan.

Zero tariff

Treatment.

Take Vietnam as an example, textiles and garments will enjoy 12% to 32% tax reduction. It is estimated that the market share of exports to the United States, Japan and other countries and regions will increase by 1 times.

Take pure cotton shirts for example, the tariff rates of import and export enterprises in America and Japan are 7.4 to 19.7 percentage points higher than those of TPP members, and their competitiveness has been greatly weakened.

The textile and garment industry chain has been impacted.

TPP adopts the rule of origin (yarn-forward), which is used in the North American Free Trade Area (FTA). The processing of textile products after the start of yarn is carried out in TPP members, so that tariff preferences can be enjoyed in the FTA.

This regulation will dilute the policy bonus from China ASEAN Free Trade Area, and force the importers of Vietnam's main textile raw materials to pfer their orders from China to TPP member countries. Vietnam's market will lose tens of billions of dollars every year.

The embarrassing situation of "capacity, market and no order" will cause domestic textile raw material production enterprises to get into difficulties or even shut down, which will cause heavy losses to China's increasingly perfect supporting advantages of textile and garment industry.

In recent years, 10% to 15% of our orders have been lost to Southeast Asian countries every year.

Take the United States as an example, in 2010, the United States imported 39.2% of its clothing trade from China, and dropped to 36.2% in 2014.

In 2000, the United States imported only 0.1% of its clothing trade from Vietnam and rose to 11.3% in 2014. Vietnam has become the second largest supplier of clothing to the United States.

In addition, Vietnam signed a free trade agreement with South Korea in May 2015, and South Korea reduced tariffs on 95.43% items of goods, including textiles. In August 2015, Vietnam and the European Union reached a principled agreement on FTA, and almost all Vietnamese products tariffs would be abolished.

China's textile and garment industry will suffer more severe shocks from Southeast Asian countries.

Inspection and quarantine departments suggest: first, speed up implementation.

fta

Strategy.

We should speed up the business building process of China, Japan and South Korea, regional comprehensive economic partnership (RCEP) and other free trade areas, and intensify the promotion of preferential policies in China ASEAN, China and South Korea free trade zones, so as to promote the use of tariff concessions in the FTA.

Asia Pacific market

We will further enhance the level of the construction of the free trade area, and shift the focus of attention from traditional trade in goods to investment and other deep-rooted cooperation areas.

The two is to boost the "going out" of key enterprises.

Taking the implementation of the strategy of "one belt and one road" as an opportunity, we should increase financial and policy support, guide qualified enterprises to carry out efficient and rational allocation of pnational resources, pfer the industrial chain of low-end products to TPP Member States and South Korea, and break through the blockade of TPP by using the Korea US FTA and TPP rules of origin.

Three is to accelerate the pformation and upgrading of the textile and garment industry.

Foreign textile and garment enterprises accelerate the pfer.

In recent years, due to the upside down of domestic and foreign cotton prices, the appreciation of RMB and the rise of domestic labor costs, the trend of domestic textile and garment industry pferring to Southeast Asia is obvious.

After the entry into force of TPP, the comparative disadvantage of tariff and the frontier rules of spinning frontier cause the external environment of China's textile and garment industry to attract investment rapidly deteriorating, and the ability to attract foreign capital to invest and set up factories is greatly reduced.

In pursuit of "low cost and high yield", foreign textile and garment enterprises will further accelerate the pace of pferring to TPP member countries such as Vietnam, Peru and Mexico.

At the same time, China's textile and garment enterprises will further accelerate their pfer to Southeast Asian countries.

Previously, China's red beans, cashmere industry, Lukang technology and Tianhong textile and other large enterprises have been expanding factories in Kampuchea and Vietnam.


  • Related reading

Sports Industry Has Entered A "Golden Period" Of High Speed Growth

Industry perspective
|
2016/3/11 14:14:00
38

Chinese People Run Abroad To "Grab Socks" Is "Made In China" Technology Is Different?

Industry perspective
|
2016/3/11 13:48:00
52

Traditional Clothing Production May Start To Change.

Industry perspective
|
2016/3/10 21:55:00
16

In The Changeable Market Environment, The Merger And Acquisition Of The Outdoor Industry Is Becoming More And More Intense.

Industry perspective
|
2016/3/10 12:01:00
24

Light Extravagance, Reduce Discount And Spread Fronts

Industry perspective
|
2016/3/6 21:55:00
14
Read the next article

Hongkong Harbour City'S First Decline In Retail Sales In 10 Years Is No Longer Brilliant.

Harbour City, Hongkong, is the landmark for mainland tourists to buy luxury goods in Hongkong. The first decline in retail sales over the past ten years means that Hongkong is losing its status as an Asian luxury centre.