FDRA says Trans-Pacific Partnership can help “drive - leatherbiz: Lea Leatherbiz

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FDRA says Trans-Pacific Partnership can help “drive innovation” in footwear

05/10/2015
Twelve Pacific rim countries signed a far-reaching trade agreement, the Trans-Pacific Partnership (TPP), on October 5, with economists estimating that the value of goods traded among the partners comprises about 40% of the global economy.

The countries involved are Australia, Brunei Darussalam, Japan, Canada, Chile, the US, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.

In response, the Footwear Distributors and Retailers of America (FDRA) said it had worked tirelessly for five years on behalf of member companies to ensure that “the voice of the industry” was heard throughout the TPP negotiations.

FDRA President Matt Priest commented: “We are extremely pleased and excited by today’s announcement. The US footwear industry paid $2.7 billion in duties last year alone, more than $450 million on exports from TPP partner countries. TPP has the potential to provide a once-in-a-generation opportunity for the industry that could strengthen job creation and help drive innovation.”




Related stories:

US Agriculture Secretary makes Vietnam visit 27/04/2016
China’s share of US footwear market falls to 65% 10/02/2016
Vietnam set to become more important for leather shoes 17/12/2015
US and Japan’s beef trade on the table with TPP 24/11/2015
Japan and Vietnam could be sweet spots for US beef under TPP 06/10/2015

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