Robert M Young, the trustee of The Philippine Exporters Confederation (Philexport) has revealed that post COVID-19, garment retailers in the country aim to focus on selling their remaining inventory. He urged the government to improve internet and manufacturing technology capabilities in the country.
He also urged the government to continue its negotiations for free trade agreements (FTA), especially with the US. According to him, selected goods such as garments, apparel, wearables can enter the US tax-free. This will encourage foreign buyers to buy more from Manila.
Post COVID-19, consumers will likely be more conservative in buying clothing. He expects garment orders from retailers to reduce by about 50 per cent as already 50-70 per cent of recent orders have been cancelled by buyers.