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The Trans Pacific Partnership (TPP) has successfully concluded in Atlanta (United States) after over five years of negotiations. Vietnamese businesses, including those in textile and garment sector, will enter a wider playground which creates opportunities but also poses challenges.

By participating in the TPP’s negotiations, Vietnam hoped to gain many benefits thanks to growing demand for apparels and footwear in the agreement’s member countries, Hong said.

He took the US market, the largest importer of Vietnam’s garment products as a good example.

When the TPP came into effect, the tariffs on Vietnamese garment products could be lowered to nearly zero from the current 17.

5%.

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