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Philippines garment exports projected to hit 2 billion USD this year

The Philippines’ exports of garments and hard goods could reach 2 billion USD in 2021 as local garment factories expect to receive up to 500 million USD worth of new orders from global fashion brands.
Hanoi (VNA) - The Philippines’ exports of garmentsand hard goods could reach 2 billion USD in 2021 as local garment factoriesexpect to receive up to 500 million USD worth of new orders from global fashionbrands.

President of the Foreign Buyers Association of thePhilippines (FOBAP) Robert Young said the group has been getting exportorders and inquiries for garments and apparel from foreign buyers, includingZeeman Europe, Walmart and TJ Maxx in the US, as well as Hudson’s in Canada.

Young estimates that the additional orders may create about10,000 to 20,000 jobs in factories located in Metro Manila and Cebu.

To support export activities, he called on the government toease the community quarantine level.

He also said that factories should have access to loans toallow them to open and operate./.
VNA
#Philippines#exports of garments#global fashion brands#Foreign Buyers Association of the Philippines (FOBAP)#Metro Manila#Vietnam#Vietnam news#Vietnam News Agency
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