Of the other 11 countries that signed the TPP, the USA has Free Trade Agreements (FTA) with six, including Canada, Mexico, Peru, Chile, Singapore and Australia. This post is to provide a very high level summary only, for additional detail or prospective, please contact the author directly. The answer varies greatly by industry and company, below is a high level overview of the impact to the USA Textile industry by the Asia Pacific Consulting group based in Chapel Hill, NC. As the countries proceed to ratify the agreement, there are many US companies asking “What does it mean to me?” On February 4th 2016, 12 countries came together to sign the Trans-Pacific Partnership (TPP), an agreement creating one of the largest free trade zones in the world, and excludes China, India and South Korea. Industry Brief: The impact of the Trans-Pacific Partnership on the USA Textile Industry
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