Opportunities for Vietnam’s Automotive Sector under the TPP

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The Trans-Pacific Partnership, the world’s largest free trade agreement covering 40% of global GDP and nearly one third of global trade, was agreed in February 2016. It is likely to lead to the consolidation and restructuring of manufacturing global supply chains, in particular affecting the textile and automotive sectors.

Specifically, the TPP provisions on tariff reductions and regional value content requirements on vehicles and auto parts, could be a driving force for automotive manufacturers in restructuring their supply chain model, providing significant opportunities to integrate into global value chains.

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