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Thursday, February 4, 2016

Trans-Pacific Partnership Trade Agreement Signed

What is the TPP?

According to the USA government website today, “The Trans-Pacific Partnership (TPP) writes the rules for global trade—rules that will help increase Made-in-America exports, grow the American economy, support well-paying American jobs, and strengthen the American middle class.”  However, their appears to be two sides to every story.  Some people like the deal, and others do not.

The United States and 11 other nations signed the Trans-Pacific Partnership (TPP) trade agreement Wednesday February 3, 2016 amid a range of protests in member countries—including in front of the White House with a banner that reads “TPP=Betrayal,” plus both support and outrage on the Internet, and a U.S. senator imploring Congress on Tuesday to reject the deal.

The ceremony in Auckland, New Zealand brings the huge trade pact, which has been five years in the making, another step towards to becoming a reality.  But the TPP continues to face opposition.  The 12 nations account for some 40% of the world's economy - they now have two years to ratify or reject the pact.

The TPP involves the US, Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand, Canada, Mexico, Chile and Peru.


Do you think that the Trans Pacific Partnership agreement is good or bad for the USA?  Is it good or bad for the international fashion industry as a whole?

Learn more about the TPP

View other trade agreements effecting the apparel industry and more government relevant resources.

Thank you for taking the time to read our apparel industry blog post. We hope that you have found this news to be informative. If you have comments or questions, please add your thoughts in the discussion area below.

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