AAFA Eager to Review TPP Agreement Details

The American Apparel & Footwear Association released the following statement regarding the Trans-Pacific Partnership (TPP) free trade agreement.

"Free trade agreements have the potential to help U.S. industries, including ours, access new markets, new suppliers, and new customers," according to AAFA.

"The Trans-Pacific Partnership agreement represents nearly 40 percent of the world's economy and could present a tremendous opportunity for our industry. We are hopeful that the final agreement contains provisions to enable our members-as well as the millions of U.S. workers they employ and the billions of customers they serve-to benefit from the deal as soon as it is implemented.

"We welcome the conclusion of the TPP talks. We look forward to reviewing the details of the agreement when they are released. Throughout this process, we communicated what's needed to create trade opportunities for the clothing and shoe industry. Now we plan to evaluate those provisions that impact the industry, review the details, and consult with our members."

The TPP is the free trade agreement the United States is negotiating with 11 other countries from the Pacific Rim. The negotiations have been in the making for more than five years. Earlier today, negotiators concluded the talks and came to a final agreement. The full text of the agreement is expected to be released later this year.

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