Exports of garments and hard goods in the Philippines may reach $2 billion this year as domestic garment units expect to receive up to $500 million worth new orders from global fashion brands, which are shifting their purchases from Myanmar to other countries, according to estimates by the Foreign Buyers Association of the Philippines (FOBAP).
FOBAP president Robert Young said the association has been receiving export orders and inquiries for garments from foreign buyers, including Zeeman Europe, Walmart and TJ Maxx in the United States, as well as Hudson’s in Canada.Exports of garments and hard goods in the Philippines may reach $2 billion this year as domestic garment units expect to receive up to $500 million worth new orders from global fashion brands, which are shifting their purchases from Myanmar to other countries, according to estimates by the Foreign Buyers Association of the Philippines (FOBAP).#
“Rough estimates totaling to $200 million to date have been booked and FOBAP projects double in quantity in the coming three to four months,” he was quoted as saying by domestic media reports.
The group has received orders for baby clothing, men’s athletic and sporting outfit, ladies’ dresses and intimate apparel.
Young estimates that the additional orders may create about 10,000 to 20,000 jobs in factories located in Metro Manila and Cebu.
To support export activities, he called on the government to ease the community quarantine level. Factories should have access to loans to allow them to open and operate, he added.
Fibre2Fashion News Desk (DS)
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