Discover and read the best of Twitter Threads about #textile

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On the relationship between FTAs, #rulesoforigin and environment.
#Vietnam signed an FTA with the EU and will stop benefiting from EU’s generalised scheme of preferences (#GSP) for developing countries /1

e.vnexpress.net/news/business/…
When the EU-Vietnam FTA comes into force, new rules of origin will apply. Vietnam's #textile industry isn’t developed enough to meet EU’s origin rules. Local producers rely on imported raw materials. Making it difficult to fulfil value added rules /2
In order to be able to benefit from #customs tariff reductions under the EU deal, local enterprises will have to invest in production facilities in the country as well as in supporting industries /3
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