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Aug 27, 2018  
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PH garments, textile industry gears up to jumpstart resurgence

The objective of ACT was to integrate the garments and textile sectors and discontinue restrictions in the MFA including quota allocations, leading up to the full adoption of the General Agreement on Tariffs and Trade (GATT) and put an end to the quota system by year 2005. As a result, garment and textile enterprises in the Philippines which relied on quotas underwent difficulties leading to closure of factories and downsizing. At present, the industry is still seen as one with immense potential that could generate the jobs needed in the country. Despite numerous setbacks, the BOI, the country’s lead industry development and primary investment promotion agency, is currently amplifying its initiatives to help the industry rise again. “We focus on securing market access in key export markets such as Japan, Europe, and the United States, to Free Trade Agreements and Preferential Trade Arrangements including the Generalized System of Preferences (GSP), and the GSP+,” said Undersecretary Rodolfo. Through the Industry Development Program (IDP) under the government’s Manufacturing Resurgence Program, the BOI is likewise formulating a Roadmap for the Garments and Textile Industry, which will chart the future of the industry’s growth based on assessment of the current situation and economic performance, identification of industry roadblocks. Starting in December 2017, the BOI conducted six FGDs with industry stakeholders and other government agencies and organizations nationwide. The Roadmap is expected to be finalized before the end of 2018. While the Garments and Textile Industry Roadmap is under development, the BOI is also teaming up with the Confederation of Wearables Exporters of the Philippines (CONWEP) and different industry associations for the first-ever Philippine Garment and Leather Goods Industries & Fabric Expo to further promote the industry. To be held from August 23 to 26, 2018 at the SMX Convention Center, Mall of Asia Complex in Pasay City, the event aims to put the spotlight on the Philippine potentials to produce export-quality garments and textiles products, and the thriving garments and footwear manufacturers in the country. Organized by the Philippine Exhibitions and Trade Corporation (PETCO) and CP Exhibition Ltd.

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