The 12 negotiating countries of the Trans-Pacific Partnership Agreement (TPP) reached a basic agreement at the ministerial meeting held in Atlanta, Georgia, USA, agreeing to carry out free trade within them, and a huge economic circle accounting for 40% of the world will emerge. . After the National Day holiday, the “TPP hot discussion” continues to ferment, and analysis of the impact of the TPP on various industries in China is also very popular.
For industries in Quanzhou, the textile and apparel industry should be the first cluster to bear the brunt of the impact of TPP. Relevant people discussed their views on the impact of TPP.
Shishi: In fact, the specific impact of the TPP cannot be seen yet. At present, only a basic agreement has been reached, but the differences in interests of several countries have not yet been completely resolved. Moreover, the agreement needs to be approved by the parliaments of each participating country, and there are many variables. Although the TPP agreement has not yet been finalized, Chinese companies must adapt to “international rules” in this international competition situation. In fact, China has established four free trade zones in the country to test this set of economic management rules that are in line with the TPP and to assess risks. International competition in the future must be more and more open. Chinese enterprises must work hard to learn, become familiar with and adapt to the future. trade rules, this is even more important.
Cai Zhulong, Chairman of Zhulong International: At present, because the negotiation of the agreement has not been completely resolved, the specific impact is still difficult to say. China’s current foreign trade situation has shown signs of shrinking. Over the past year or so, orders from many foreign trade companies have shrunk significantly, and some small businesses have closed down. Some powerful and large companies have also been exploring overseas investments in recent years, such as building factories in Southeast Asia. Vietnam is a member of the TPP agreement. If the agreement is finally reached, it may cause more Chinese textile and garment factories to invest there. Side relocation. At present, Chinese enterprises must sort out their debts, control operating costs, and “go into battle light.” “By adjusting the business structure of the enterprise, we must first run the enterprise well before we can better compete internationally.”
Ni Yueju, a researcher at the Institute of World Politics and Economics, Chinese Academy of Social Sciences: Originally, we thought that the TPP was to establish the highest standard of international trade rules, but in fact, because the levels of participating countries are very different, in order to reach an agreement, there are many differences between them. A lot of compromise.
Yuan Tangjun, Director of the Center for Global Investment and Trade at Fudan University: The TPP Agreement will stimulate China’s domestic reforms and international negotiations. This is a positive effect that the TPP will bring to China. Capital account opening, service trade, and state-owned enterprise reform are the areas where China is farthest from the TPP standards. The TPP will accelerate China’s reforms in these areas. In addition to accelerating domestic reforms, China will also accelerate external cooperation. Among them, forming a high-standard free trade zone network for the world is a major measure determined by the Third Plenary Session of the 18th CPC Central Committee.
Some analysts believe that after the TPP agreement negotiations are completed, Vietnam is expected to become the largest beneficiary country. China’s textile and apparel exports to the United States, Japan, and Canada may be impacted by Vietnam. Vietnam is expected to receive more orders from North America, especially orders from the United States and Canada.
In fact, in the past few years, as the cost of China’s manufacturing industry has become higher and higher, many companies are seeking to “go out”. In the past, some large companies went out to explore the way first, but now even small and medium-sized enterprises are looking for ways to “go global”. Opportunity, processing factories that used to do OEM processing would rather put it away and wait for other investment opportunities.
Analysis of the impact of TPP on Quanzhou’s textile and garment industry
The 12 negotiating countries of the Trans-Pacific Partnership Agreement (TPP) reached a basic agreement at the ministerial meeting held in Atlanta, Georgia, USA, agreeing to carry out free trade within them, an…
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