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Op-Ed: TPP Offers a Blueprint for the Future of Footwear Trade

Join Theory, Google, H&M, McKinsey, Foot Locker, Lafayette 148, LL Bean, the Retail Prophet and more at Sourcing Journal’s Virtual Sourcing Summit, R/Evolution: Overhauling Fashion’s Outmoded Supply Chain, Oct 14 & 15.

TPP_USTR report

The future of footwear trade policy is staring us in the face.

U.S. footwear companies want to invest in 21st century footwear innovation—emerging technologies, 3-D printing, advanced manufacturing, U.S. job creation—in order to propel our industry forward, but they are burdened by a costly, restrictive, and outdated tariff system from 1930. Congress has an opportunity to ease this burden on the industry with the passage of the Trans-Pacific Partnership (TPP), a 12-nation free trade agreement that will provide $6 billion in savings to footwear companies over ten years and serve as a blueprint for the future of footwear trade policy.

Read the rest on Vamp.

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