The passing of the Save Our Industries Act (SAVE Act) in the US Senate will bring more employment opportunities for Filipinos in apparel sector, Ms. Thelma Dumpit-Murillo, Executive Director of Garments and Textile Industry Development Office (GTIDO) has said.
She said Philippines is lobbying for the passage of SAVE Act as it is expected to create 300,000 new jobs by 2015, in addition to generating around PHP 2 billion in export revenue.
She added that 80 percent of Philippine textile and garment exports are destined to the US and the passage of the SAVE Act will further boost this trade.
Philippine textile and garment industry declined since the end of the quota system in 2005, which led to a drop in exports. Ms. Murillo said that the industry has, however, witnessed a rebound last year even without any government intervention.
She said the Government knows there is a growth potential in the country's textile and garment industry and hence has implemented the Garments Industry Transformation Plan (GITP). She added that GITP also focuses on promotion of domestic brands in global markets.
Fibre2fashion News Desk - India
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