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Diane Publishing Books
U.S. Textile Manufacturing and the Trans-Pacific Partnership Negotiations
Michaela D. Platzer (au)
Textiles are a major issue in the ongoing Trans-Pacific Partnership (TPP) negotiations to establish a free-trade zone across the Pacific. Because the negotiating parties include Vietnam, a major apparel producer that now mainly sources yarns and fabrics from China and other Asian nations, the agreement has the potential to shift global trading patterns for textiles and demand for U.S. textile exports. Canada and Mexico, both significant regional textile markets for the U.S., have also been accepted into the TPP talks. In 2011, the U.S. textile industry generated $53 billion in shipments and directly employed about 238,000 Americans, accounting for 2% of all U.S. factory jobs. Approx. one-third of U.S. textile production is exported, with the bulk of the exports going to Western Hemisphere nations that are members of the North American Free Trade Agreement (NAFTA) or the Central American-Dominican Republic Free Trade Agreement (CAFTA-DR). Both free trade agreements provide that certain exports from member countries may enter the U.S. market duty-free only if they are made from textiles produced in the region. Contents of this report: Introduction; The U.S. Textile Industry and Its Markets; Domestic Textile Production; Global Textile Trade Shifts; TPP and Sourcing from Vietnam; Textiles and the TPP Negotiations; Conclusion. Figures and tables. This is a print on demand report.
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