Few European companies, including those from Spain and Germany, are exploring opportunities to source high-end garments from the Philippines, Manila Bulletin reported quoting the Department of Trade and Industry (DTI).
As per a report prepared by DTI Secretary Gregory L. Domingo, three major Spanish retailers—El Corte Ingles, Becara and Mango—have shown interest in sourcing garment and clothing accessories from the Philippines.
Specifically, El Corte Ingles is interested in sourcing apparel and home textiles from the Philippines, while Becara has shown interest in sourcing Philippine hand bags. Mango is keen on buying apparel and clothing accessories from the Philippines, where it has already opened its outlets.
The report also identifies German distributor Katag AG as being interested for sourcing garments from Philippines.
The DTI report identifies high-end garments and home furnishings as products for priority promotion in the EU.
Recently, Mr. Domingo led a delegation to five cities in four EU countries. These were Stockholm in Sweden, Oslo in Norway, Paris in France, and Stuttgart and Frankfurt in Germany.
During the visit, the delegation met representatives of both multinational EU firms and small and medium enterprises.
From January to March 2014, the exports of apparel and accessories from Philippines grew by 3.96 percent to US$ 433.527 million, compared to exports of $417.008 million made during the corresponding period of last year, according to the data from the National Statistics Office, under the Philippine Statistics Authority.