Moderated by China ASEAN Business Council Executive President Mr. Xu Ning Ning, PTIC Beijing had an industry dialogue with China Chamber of Commerce for the Import and Export of Textile.
Commercial Counsellor Christine dela Cruz gave a briefing on the Philippine Garments and Textile industry, and highlighted the fact that this sector is a beneficiary of the country’s inclusion to EU GSP+ scheme.
dela Cruz emphasized that as the only ASEAN member covered by the EU GSP plus scheme, the Philippines has regained its competitiveness as an outsourcing-manufacturing destination for many export products. Chinese garments and textile industry must not miss this opportunity, to partner with Philippine enterprises in order to maintain a strong foothold in the EU market.
Philippine Garments and Textile Industry Brief Presently, the Philippine garments industry is made up of exporters (around 39%) and subcontractors (61%), which include homeworkers and small contractors to garment exporters. The major markets for garments and textiles are the United States, European Union and Canada accounting for approximately 90% of total garment exports.Continue reading