If given the go-ahead in November, negotiations will start early next year with the intention of concluding within two years, with full implementation in 10 years.
While the ASEAN countries (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam) are not a key wool apparel consuming region at retail, possible gains are expected to be seen within their wool spinning to manufacturing sectors.
According to Rita Kourlis Samuelson, American Sheep Industry Association international wool marketing director, "A number of the Southeast Asian markets, such as Vietnam and Malaysia, are some of the newer and fast-growing wool processing markets."
Staff contact: Rita Kourlis Samuelson, ext. 29