Philippines’ textile and garment industry to
be revitalised soon!
While sketching out a roadmap for its textile and apparel
industry for the period 2020-2029, the Philippines
Government aims to incorporate an integrated path for the
Devised by Government’s Board of investments, the
layout includes a prerequisite to increase capital
investments as well as textile production across the
country’s length and breadth.
Also, fiscal incentives in the form of reduced value-added
tax and reduced power rates will provide crucial support.
A survey reports that the country’s commercial and
industrial electricity rates remain higher as compared to
those of Indonesia, Malaysia, Thailand and Vietnam.
Consequently, the firms with their manufacturing base in
Philippines have to face this issue.
Strategies for garment industry include taking advantage of
the free trade agreements, and simultaneously negotiating
for more liberal rules of origin requirement with the
country’s trading partners.
With respect to the textile industry, the strategies
proposed in the roadmap consist of investing in R&D for
product development and marketing, in addition to linking
regional/localised supply chains to relate the separately
This roadmap will bridge the gap between the Government and
private industries of the segment with a dedicated trade
office thereby prohibiting any kind of second-hand apparel
imports from North-America and Europe.
After illegally importing them for the purpose of charity,
these clothes are then sold with a hike of 10-20 per cent in
their actual retail price.
Fact check: Philippines could not grab the space in
garment export industry created by US-China trade war,
despite Government’ plans to boost indigenous manufacturing