12 countries in America, Japan and headed on the "Trans-Pacific Strategy Economic Partnership Agreement" (TPP) agreement, so that trade relations between the forces of reforming the region. Analysts believe that Vietnam and Japan (especially Japanese automakers) will be the big winners under the TPP, was excluded for fear of further pressure on the Chinese economy, as the biggest losers.
Foreign media analysis means that China has not joined TPP, the United States to further tighten the circle of intra-regional trade, China factory on the part of the United States and Japan market share, or Vietnam, Malaysia and other developing countries eroded, so that China and Vietnam were to become TPP Under the big winners and big losers.
Sun Hung Kai Financial Wealth Management strategist Wen Jie said that Japan expected to benefit from TPP, because the local quarterly GDP contraction in the second quarter, is expected to stimulate exports by TPP. While the mainland to stabilize the currency, the yuan depreciated difficult to resist the impact of TPP. In contrast, though not in Europe TPP list, local is expected within the next three to six months plus a large width, the euro will help enhance export competitiveness.
Merrill Lynch believes that purchasing agents and manufacturers TPP will be beneficial to the region, increase its competitive advantage and bargaining power, long-term revenue.
Honorary President of the Federation of Hong Kong Industries Lau Chin-ho said that some open mills and shoe factories made the Hong Kong manufacturers in Vietnam have been expected to benefit from TPP.
Although the import duties by the importer is responsible, these companies are not directly benefit TPP tariff preferences, but there are opportunities for selling prices and promote increased orders.
As for the factories in China, Hong Kong Chamber of Commerce No hit, Lau Chin-ho said that this will depend on existing export American products, whether or TPP can be produced in other countries, and more competitive than in mainland production.
As the great American partners, some products really need Chinese manufacturers (including Hong Kong incense plant) to provide, so TPP may not have much impact on Chinese exports. Drainage believe, the vast majority of Hong Kong manufacturers will be temporarily moved to the production line by the Chinese TPP countries.
But China's rising production costs and tighter regulation of Hong Kong companies need to set up a second production line, it must be considered with the balance of risks for the TPP countries.
Since TPP tariff reductions of origin principle, which requires access to the US textile and apparel market and other conditions set above, from yarn to fabric production, processing the raw material from the cutting process to sew it must be in the territory of the Member States TPP complete, while supporting the Vietnamese textile industry chain is not perfect, mainly in technology, capital-intensive yarn, dyeing, finishing and other links.
In recent years, the majority of cotton spinning enterprises in Hong Kong to set up factories in Vietnam, you can take advantage of local rich labor resources, sufficient international market purchase raw material (cotton import Vietnam does not have a quota limit), reduce overall production costs.
Meanwhile, the official added TPP, Vietnam's textile and garment export tariff concessions in the country of origin limiting conditions, it is expected to drive the local market orders was significantly improved, thus contributing to accompany downstream customers to expand the scale of overseas sales, which is the Hong Kong clothing enterprises In recent years, the production lines have been added in Vietnam.
