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Impact of the Trans-Pacific Partnership (TPP) on US textile and apparel manufacturing

Impact of the Trans-Pacific Partnership (TPP) on US textile and apparel manufacturing PurposeThis study aims to empirically investigate the potential impact of the Trans-Pacific Partnership (TPP) on US textile and apparel manufacturing.Design/methodology/approachThis study adopts the Global Trade Analysis Project (GTAP) computable general equilibrium model based on the latest GTAP9 database.FindingsThe findings of the study suggest that: the “yarn-forward” rule will not work effectively in the context of TPP; and the development of Vietnam’s local textile industry is a critical threat to the survival of US textile and apparel (T&A) manufacturing in the long run.Originality/valueThe findings of the study augment the understanding of the T&A-specific sectoral impact of TPP and address the particular concerns of the US T&A manufacturers with regard to the new business environment and the possible scenarios after the implementation of the agreement. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal ofinternational Trade Law and Policy Emerald Publishing

Impact of the Trans-Pacific Partnership (TPP) on US textile and apparel manufacturing

Journal ofinternational Trade Law and Policy , Volume 15 (2/3): 19 – Jun 20, 2016

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
1477-0024
DOI
10.1108/JITLP-02-2016-0009
Publisher site
See Article on Publisher Site

Abstract

PurposeThis study aims to empirically investigate the potential impact of the Trans-Pacific Partnership (TPP) on US textile and apparel manufacturing.Design/methodology/approachThis study adopts the Global Trade Analysis Project (GTAP) computable general equilibrium model based on the latest GTAP9 database.FindingsThe findings of the study suggest that: the “yarn-forward” rule will not work effectively in the context of TPP; and the development of Vietnam’s local textile industry is a critical threat to the survival of US textile and apparel (T&A) manufacturing in the long run.Originality/valueThe findings of the study augment the understanding of the T&A-specific sectoral impact of TPP and address the particular concerns of the US T&A manufacturers with regard to the new business environment and the possible scenarios after the implementation of the agreement.

Journal

Journal ofinternational Trade Law and PolicyEmerald Publishing

Published: Jun 20, 2016

References