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Philippines textiles industry foresees 45 per cent increase in exports

The Philippines garment and textiles industry roadmap has projected that Philippines will become one of the top 10 global players with annual exports growth of 45 percent.  This should be made possible with the  elimination of the popular “ukay-ukay” (used imported clothing) and focusing on increase in the utilization of natural and synthetic textile fiber by 5-10 percent.

As per the roadmap, government was urged to address smuggling and proliferation of “ukay-ukay” by strictly implementing RA 4653. The government must also reinstate the SGS pre-shipment inspection and to cancel business permits related to trading of used clothing.

Incentives to the industry are also pushed in the short term for the innovative product processing that promotes sustainability and green environment. Reduction of the 12 percent value added tax was also pushed. 

For the long-term, an annual 45.8 percent annual increase in garment exports is attainable by 2026-2029. The Philippines is well-known for its affordable daily wear global brand as the industry has already upgraded to original brand manufacturer with homegrown Filipino labels. Textile manufacturing in the country can fully support garment producers offering a more diverse range of products both for the local and export market. 

 

 
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