IDEAS home Printed from https://ideas.repec.org/a/ejn/ejefjr/v7y2019i4p50-58.html
   My bibliography  Save this article

Trade Effects of Textile Industry in the Context of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership

Author

Listed:
  • Phan Thanh Hoan

    (Hue University, Vietnam)

Abstract

Textiles are a sensitive sector in the Comprehensive and Progressive Agreement for TransPacific Partnership (CPTPP). The CPTPP includes Vietnam, a major apparel producer that now mainly sources yarns and fabrics from China and other Asian nations, the agreement could shift global trading patterns for textiles. Canada and Mexico, both significant regional textile markets for the United States, and Japan, a major manufacturer of high-end textiles and industrial fabrics, are also TPP members. Thus, this paper aims to evaluate the trade and welfare effects of textile industry in the context of CPTPP by applying the multi-country partial equilibrium (PE) model (GSIM) designed by World Bank - World Integrated Trade Solution. The results from GSIM model show that textile trading is likely to increase significantly after CPTPP formation. CPTPP members’ export is predicted to increase about US$ 1 billion. Among textile product groups, maximum gains are concentrated on finished textile products (HS chapter 61-63). The welfare for CPTPP’s members are also predicted by the GSIM simulation. As would be expected, the elimination of import tariffs from CPTPP is shown to bring great benefits to textile producers and consumers in the region, however, it also harm all governments’ revenues.

Suggested Citation

  • Phan Thanh Hoan, 2019. "Trade Effects of Textile Industry in the Context of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 7(4), pages 50-58.
    • Handle: RePEc:ejn:ejefjr:v:7:y:2019:i:4:p:50-58
    as

    Download full text from publisher

    File URL: https://eurasianpublications.com/wp-content/uploads/2021/02/EJEF-7.4.4.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Bo Xiong, 2017. "The impact of TPP and RCEP on tea exports from Vietnam: the case of tariff elimination and pesticide policy cooperation," Agricultural Economics, International Association of Agricultural Economists, vol. 48(4), pages 413-424, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Duc Hong Vo & Anh The Vo & Zhaoyong Zhang, 2019. "Exchange Rate Volatility and Disaggregated Manufacturing Exports: Evidence from an Emerging Country," JRFM, MDPI, vol. 12(1), pages 1-25, January.
    2. Bo Xiong, 2017. "The implications of US punitive tariffs on Chinese tires for rubber exports from South-East Asia," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 22(4), pages 575-586, October.
    3. Jin, Xuanyi & Jiang, Wenrui & Fang, Delin & Wang, Saige & Chen, Bin, 2024. "Evaluation and driving force analysis of the water-energy‑carbon nexus in agricultural trade for RCEP countries," Applied Energy, Elsevier, vol. 353(PB).
    4. David Karemera & Bo Xiong & Gerald Smalls & Louis Whitesides, 2022. "The political economy of maximum residue limits: A long‐term health perspective," Journal of Agricultural Economics, Wiley Blackwell, vol. 73(3), pages 709-719, September.
    5. Jan Hagemejer & Jan Jakub Michałek & Karolina Pawlak, 2021. "Trade Implications of the Transatlantic Trade and Investment Partnership for Poland’s Agri-Food Trade," Central European Journal of Economic Modelling and Econometrics, Central European Journal of Economic Modelling and Econometrics, vol. 13(1), pages 75-103, March.
    6. Thuong, Nguyen Thi Thu & Thinh, Doan Thi Hong & Long, Nguyen Tien & Linh, Dinh Hong, 2021. "Do Technical Barriers to Trade Measures Affect Vietnam’s Tea Exports? Evidence from the Gravity Model," International Journal on Food System Dynamics, International Center for Management, Communication, and Research, vol. 12(02), June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ejn:ejefjr:v:7:y:2019:i:4:p:50-58. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Esra Barakli (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.