Malaysia's textile industry will grow by at least 30% thanks to a surge of investment when the Trans-Pacific Partnership (TPP) agreement comes into force, according to Rebecca Chiang, executive director of the Malaysian Knitting Manufacturers Association (MKMA). The trade deal's 'yarn forward' rule makes it mandatory to use TPP member-country produced yarn for TPP-made textiles in order to be covered by the agreement's market access benefits, and it means "downstream garment exporters need to consume local or TPP country's fabrics, which will definitely benefit Malaysian knitters," says Chiang.
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