Donald Trump, who takes office as the 45th US President on January 20, 2017, is against the TPP because of concern about jobs for US citizens, as thevdomestic industry will have to compete with imports from TPP countries.
The US is now the biggest export market for Vietnam which consumes 50 percent of Vietnam’s total textile & garment export turnover.
In October 2016 alone, Vietnam exported $9.476 billion worth of textile & garment products to the US.
If TPP takes effect, analysts estimate that Vietnam’s textile & garment export turnover would increase by 30-40 percent in the first year of the agreement implementation, and would increase by twofold after three to four years.
This means that export turnover would reach $16 billion by 2018, an increase of $3 billion, and to $20 billion by 2020