The military takeover in Myanmar has led to global brands shifting their orders to Philippines. As per the Foreign Buyers Association of the Philippines (FOBAP), the country has received orders worth $500 million from international buyers, especially from the US.
It has received orders from American fashion brands for basic babies’ playwear, women’s dresses, intimate apparel and men’s athletic and sportswear, said Robert M Young, President, FOBAP and Trustee, Philippine Exporters Confederation Inc. These orders will translate into additional foreign revenue earnings, employment opportunities and livelihood which will snowball to related industries.
The country’s garment exports had declined by close to 40 per cent due to COVID-19, as per an October 2020 report by the International Labor Organization (ILO).