User login

Final TPP Deal Contains Limited Yarn-Forward Exceptions; NCTO Satisfied

October 8, 2015 at 9:34 PM
The final Trans-Pacific Partnership (TPP) reflects some of the key priorities of the U.S. textile industry by allowing limited exceptions from the prevailing yarn-forward rule of origin and by including tariff phaseouts for sensitive apparel items of 10 to 12 years. Besides the basket of goods that will become duty-free upon entry into force, TPP sets up three other categories for tariff reductions on apparel: a five-year phaseout with linear cuts; a 10-year phaseout for knit apparel, and a 12-year...

Not a subscriber? You can request 30 days free access to exclusive, behind-the-scenes reporting on trade policy in the Biden era.