CICEG executive director issues CPTPP warning
10/04/2018
This trade deal came about following the collapse of the TPP agreement. It was signed at the beginning of March by 11 of the countries from the original deal. The exception was the US, whose withdrawal from TPP caused its initial collapse.
Speaking on Mexican television, Mr Gómez Tamez said Vietnam’s presence among the signatories of CPTPP would be the key cause of these job losses. As well as the 150,000 jobs lost in the first year, he said the textile, clothing and footwear sector would see its workforce decrease by 40% within five years should the deal by approved.
CICEG has said this would include 110,000 job losses in the Mexican footwear industry alone.
“As a result, it is very important that we realise the risks of including Vietnam in this trade deal,” Mr Gómez Tamez warned.
He added that CICEG is in favour of a trade deal that brings economic benefits to Mexico but said any such deal must be fair to all parties. The organisation is in the process of submitting a series of proposals for the government to consider before it approves CPTPP.
“It would be catastrophic for these three industries (textile, clothing and footwear) if the Mexican government approved CPTPP without considering the points that I have made,” he concluded.
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