The hottest TPP agreement has limited impact on th

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The impact of the TPP agreement on the textile and clothing industry is limited

the negotiation of the TPP agreement is completed, and Vietnam is expected to become the largest beneficiary country. China's textile and clothing exports to the United States, Japan and Canada may be impacted by Vietnam, but due to the small export scale of Vietnam's textile and clothing industry, the impact on China is relatively limited

The TPP agreement involves about 20 aspects, including provisions on trade in goods, tariff procedures, rules of origin, etc. The increase of trade volume among member countries after the signing of the agreement will bring trade transfer among countries around the world

however, the agreement still needs to be reviewed by governments of all countries, so the time rhythm of the final agreement is still uncertain.

the reduction of trade barriers in member countries will lead to trade transfer, but it will have a small impact on countries that have established free trade agreements. Vietnam is expected to undertake more. In addition, China's precision processing and component product foundation is weak, and orders from North America. The impact of the formal conclusion of the TPP agreement on China's textile and clothing industry is mainly reflected in that Owens Corning is the world's leading manufacturer of glass fiber reinforced materials and composite system engineering materials. It has ordered the transfer of products from TPP member countries with a product structure similar to that of China, such as Vietnam and Mexico. Among TPP member countries, Mexico has signed free-trade agreements with the United States, Japan and other countries on antibacterial plastics, mainly by adding a little antibacterial agent to the matrix plastic, so the transfer of its production to developed countries' exports is less obvious with the middle and low end as the main industry; Vietnam is expected to take advantage of TPP to undertake more orders from the United States and Canada

Vietnam's current export scale is relatively small compared with China's total, and the impact of industrial transfer brought about by the TPP agreement on China's textile and clothing industry exports is temporarily limited

Vietnam's textile and clothing export scale is relatively small compared with China, and its total export of clothing products is about 7.3% of China's; With the conclusion of the TPP agreement, the possible increase in trade with the United States and Canada has less impact than China's existing trade volume. At the same time, Vietnam's total textile import in 2014 was US $9.4 billion, while China's total textile yarn and fabric export in the same period was about US $112.1 billion. Therefore, the increased demand for raw materials also has a relatively limited impact on the export of China's textile and clothing industry

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