Apparel brands and retailers will see significant benefits under the in-work Trans-Pacific Partnership once the agreement is implemented and in the years following, and now that the text for the trade deal has been released, details surrounding what those benefits will be and when they will be realized are at least a bit clearer.
In short, most apparel will be yarn forward—meaning goods would have to be made using U.S. or other TPP country yarns to qualify for benefits, dresses, skirts and bags made of textiles will see duties eliminated from day one, and most knit tops and woven pants won’t have duties phased out for 10-12 years after implementation.
Read more at Sourcing Journal.
