APPAREL, FOOTWEAR, TRAVEL GOODS, AND RETAIL INDUSTRIES UNITE TO SUPPORT TPP

118 Signatories Send Letter to Members of Congress in Support of Trade Agreement

(Washington, D.C.) – Seven industry trade associations —- along with 111 brands, companies, and other associations across the apparel, footwear, travel goods, and retail industries —- have united to support the ratification of the Trans-Pacific Partnership (TPP) agreement. The group submitted a letter to each member of Congress requesting support for TPP earlier today. The full letter, along with all 118 signatories, is available here: House, Senate.

In addition to the letter to members of Congress, association presidents representing the American Apparel & Footwear Association, the Footwear Distributors and Retailers of America, the National Retail Federation, the Outdoor Industry Association, the Retail Industry Leaders Association, the Travel Goods Association, and the U.S. Fashion Industry Association have co-authored an article highlighting the TPP’s potential impact on back-to-school shopping if approved by Congress. The co-authored op-ed, featured in The Hill, can be found here.

The TPP would join 12 nations, including the United States, into a single regional trade area representing 800 million consumers and more than 40 percent of the world’s gross domestic product. It is estimated that duty savings, as a result of the TPP, would exceed $1 billion in the first year alone.

Source:  AAFA