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China invests in Vietnam
The Chinese are investing in Vietnam’s textile and garment industry before TPP comes into play. The garment industry is the strongest magnet for Chinese investors, while textile and dyeing also lure Chinese investment but at a lower level. Vietnamese apparel products would enjoy a zero tariff in the US after Vietnam signs the Trans-Pacific Partnership (TPP) agreement. Vietnam is working on a plan to help local manufacturers improve competitiveness when the TPP takes effect.
Textile supply chain protection - It's all in the DNA!
Gobal economic and social impacts of counterfeiting and piracy have already touched $1.7 trillion in 2015 and put 2.5 million legitimate jobs at risk each year, said an International Chamber of Commerce’s Report. Now, DNA has come to the rescue! DNA, how? Using biotechnology as a forensic foundation, Applied DNA Sciences, a New York-based company has created unique security solutions to combat counterfeiting and other challenges of modern commerce.
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