19 May USITC Report Confirms Trans-Pacific Partnership A Big Footwear Win
Posted at 12:37h in Home, Latest News
Footwear has a new card to play in the debate for the Trans-Pacific Partnership passage. In one of the most anticipated economic analyses of the trade agreement, the U.S. International Trade Commission released its report Wednesday, highlighting footwear as one of the clear winners.
According to the commission, the U.S. would see an increase in imports from TPP nations by $1.6 billion, or 23.4 percent. The majority of that import increase would come from Vietnam, and at the expense of China, which would see U.S. footwear imports fall by more than $400 million, or 1.3 percent, under TPP.