TPP will have no impact on US footwear production - FDRA
23/08/2013
It said member countries of the Trans-Pacific Partnership (TPP) trade agreement under negotiation would realise market share gains at the expense of countries like China that are not party to TPP.
Since 99% of athletic footwear sold in the US is made overseas, it is taxed at “exorbitant” tariff rates that can reach as high as 67.5%. FDRA said eliminating these duties through a TPP would decrease costs and increase the ability to create new jobs.
“This study strips away all the political claims surrounding athletic footwear in the TPP negotiations and gets straight to the facts using US government data and government analytic models,” said Matt Priest, president at the FDRA.
"It settles recent debates within the industry by proving that eliminating duties through TPP will have no real employment impact on domestic producers of athletic footwear. In fact, duty elimination would accomplish exactly what the Obama Administration is striving for – reducing reliance on China while creating exciting new export opportunities for American-made products.”
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