Vietnam'S Export Tariffs To South Korea Will Be Zero Tariff.

South Korea has become Vietnam's fourth largest textile export market.

2015 with

- Korea

Entry into force, Vietnamese textiles to Korea

Export will grow by 27-30% from the original 8-13% will be zero tariff.

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News from Washington, D.C. - a new science and technology research fund will be used for sustainable textiles and clothing research because of the progress made in the new bill promoted by the two parties in the United States. Its purpose is to eliminate import tariffs on high-performance outdoor clothing.

The United States outdoor act will levy an import duty of 1.5% over the next 10 years to create a sustainable textile and garment research fund controlled by industry to develop environmental sustainability technology.

According to Senator KellyAyotte, the bill was first introduced 8 years ago. It will reduce or eliminate the outdated tariffs on casual wear and will import modern tariffs to protect outdoor clothing made in the United States.

The bill will create a new taxonomy in the United States Tariff reconciliation schedule (theU.S.HarmonisedTariffSchedule), which is designed to highlight the leisure function jacket and eliminate or reduce the taxable rates for these new taxages.

KristineMarvin, vice president and chief consultant of Timberland, said: "simply speaking, these tariffs on casual functional clothing are outdated and unnecessary, because the market has changed.

This bill will lead to a reduction in clothing consumption prices for consumers enjoying outdoor hours, such as the outdoor water proof jackets sold by Timberland over the past few years.

In addition, the fund is used for research and development of sustainable textiles and materials.

Ayotte, one of the members of the Senate Commerce Committee, said: "the economy of New Hampshire depends on the outdoor leisure industry, which creates us $4 billion 200 million in annual consumption expenditure in our state.

This legislation will reduce the cost of outdoor sports enthusiasts and sales of outdoor casual clothing enterprises, so as to ensure that they can continue to flourish and create employment opportunities.

The board of directors is set up by the industry representatives to supervise the distribution of the Sustainable Textile Clothing Research Fund.

Senator KellyAyotte said the legislation was supported by the American Apparel and Footwear Association (AAFA), EasternMountainSports, KamikBoots, NEMOEquipment, NewBalance and the United States Outdoor Industry Association (OIA).