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Africa poised to pick up on TPP’s likely demise

Published on November 15, 2016

One man’s failed Trans Pacific Partnership may be another’s opportunity for trade.

Because Africa leans on its trade privileges to keep its costs competitive, the fact that many countries in SubSaharan Africa
as well as Egypt, benefit from duty free trade deals that aren’t going anywhere anytime soon, the continent is in a prime position to snag market share that might otherwise have gone to Vietnam, which was expected to be TPP’s biggest beneficiary.

In addition to Egypt, Ethiopia and Kenya, Olsen said Madagascar and Mauritius are also positioned for apparel manufacturing success. “They have a lot of investment that’s going in now and that’s building for the future,” he said. Read more. Source | Sourcing Journal