Company Support The death of TPP is an especially bitter pill for Mark Parker, Nikes chief executive officer. He has said TPP would help it add jobs in the U.S. because Nike would be able to use the savings from the deal to invest in the U.S.As the worlds largest sports brand, Nike sources about 40 percent of its shoes from Vietnam, a TPP member nation, and was very public supporter of the trade pact. Representatives from Nike didnt respond to requests for comment. Aldo Group, a Canadian footwear maker with a third of sales in the U.S., has been shifting production from China into Vietnam in anticipation of TPP being implemented in the hope of being able to take advantage of lower tariffs, said Bryan Eshelman, chief operating officer. TPP would have been fantastic as the footwear industry pays on average as much as 18 percent of duty for imports to enter the U.S., Eshelman said in an interview before the executive order was signed. In the short term, we are slightly disappointed that we cant expect the duty relief that we were hoping for out of Vietnam. Taxes, Regulation If the U.S. economy were to grow more rapidly because of some of Trumps other policies such as reduced regulation and lower tax rates, Eshelman said, that would be beneficial for the company. If that happens, forget tariffs reduction.
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Special Envoy for Syria Staffan de Mistura, attending the Astana talks, said the three powers were closing in on a final statement that would reaffirm and strengthen the current cessation of hostilities between the warring parties. "We're not far from a final declaration," he told reporters. Diplomats said there was a nuance in the language being used, with the Syrian government opposed to the use of the word ceasefire as opposed to cessation of hostilities, which suggests more short-term arrangements. "There are pledges from the Russian side to reinforce the ceasefire in areas where there are continued violations, but we're waiting for more than just statements," senior opposition negotiator Osama Abu Zaid told reporters. A rebel source said they were discussing a draft of the final text with their Turkish backers. A Syrian government source said consultations were ongoing to break obstacles presented by Turkey, which he said was trying to introduce elements beyond the Astana framework. The draft statement from Monday includes a paragraph suggesting the powers would either consider or establish "a trilateral mechanism to observe and ensure full compliance navigate to this web-site with the ceasefire, prevent any provocation and determine all modalities." Turkey's state-run Anadolu Agency reported on Tuesday that this had now been agreed between the three. [ID:nI7N1F600Q] Some observers said the meeting could jump-start U.N.-led negotiations which de Mistura hopes to reconvene next month after suspending them nine months ago. FIGHT NEAR DAMASCUS However, diplomats said there were still differences among the powers especially on the wording, including on how to resume peace talks under the umbrella of a United Nations resolution which calls for a transition of power. It was also unclear whether Russia would be able to put pressure on Iran to force its militias on the front lines to abide by the terms of any ceasefire mechanism in areas on the outskirts of Damascus, where heavy fighting is ongoing. "We'd like to think that the Russians are putting pressure on the Iranians, who are not very warm to the idea of a ceasefire or a political transition," said a senior Western diplomat.
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