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Philippine garment exports drop 15 per cent

Philippine garment exports dropped 15.6 per cent in 2018 compared to 2017. The plan is to revive the textile and garment industry. Over the next two years ,the country has a target to be among the top 20 garment exporters in the world. From 2023 to 2025, the goal is to be part of the top 15 garment exporters. And over the long term, from 2026 to 2029, the aim is to be among the top ten exporters of garments in the world.

Short term strategies include enhancing market access by entering into free trade agreements particularly with the US, promoting innovation and automation, importing raw materials for textiles, establishing regional or localized ecosystems, streamlining administrative processes and building a database for the textile-garment industry. In the medium term, the approach is to address infrastructure gaps and logistical bottlenecks, establish clustering, diversify export markets, promote fashion design training centers and increase investments for research and development. For the long term, the strategies include focusing on manpower training programs to equip workers with highly specialized skills and to increase the supply of natural fiber textile raw materials.

Also, financial assistance will be provided for the purchase of raw materials, new machinery and equipment and by increasing the area of land for cotton production.

 
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