MEXICO CITY — Central American manufacturers are getting increasingly concerned over Vietnam’s participation in the Trans-Pacific Partnership.
Vietnam, a key player in the controversial, 12-country free-trade accord that has run into several roadblocks this year, wants flexible rules of origin and zero trade duties as soon as the accord is signed, according to industry sources. But Central American and U.S. textile executives are contending that status would cut into exports from the five Central American countries and the Dominican Republic that make up the Central American Free Trade Agreement with the U.S. by 25 percent during the TPP’s first year.
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