Advantages of entering CPTPP, Textiles Sample Clauses

Advantages of entering CPTPP, Textiles. Carpets are exempt from the yarn forward rule contained in CPTPP. The yarns and backings for carpets will be able to be sourced from outside the CPTPP, thus allowing New Zealand carpet manufacturers to secure the full direct benefit from tariff reductions. While New Zealand is not a significant exporter of apparel, it does have many small and successful textile and related fashion design businesses that utilise manufacturing facilities in other CPTPP Parties, (particularly Viet Nam and Malaysia). The full cumulation provisions of CPTPP would open opportunities for these businesses to participate in the CPTPP supply chain.
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