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Domestic Footwear Group To Stay Neutral On TPP; New Balance Silent

November 19, 2015 at 9:09 PM
In the Trans-Pacific Partnership (TPP) agreement, the Obama administration was able to meet enough demands of the Rubber and Plastic Footwear Manufacturers of America (RPFMA) on market access and rules of origin that the group, which includes New Balance, will not actively oppose its congressional approval. The Office of the U.S. Trade Representative did so by securing 12-year tariff phaseouts for 12 types of footwear from Vietnam that had been identified as the most sensitive by U.S. manufacturers. It also...

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