Home / Knowledge / News / Apparel/Garments / US bill rejuvenates garment sector
US bill rejuvenates garment sector
14
Jul '09
About 60 garment manufacturers are eagerly looking forward to a comeback and to swell the operations in the country with committed investments of about $480 million and which will result in additional exports of $1.1 billion.

This has come about following a bill filed before the US Congress, which seeks to grant duty-free access to Philippine's apparel in the US market, revealed major garment manufacturers.

The garment manufacturers were speaking at a press conference. They are also members of the Confederation of Garment Exporters of the Philippines (CONGEP) and Garment Business Association of the Philippines (GBAP).

After one or two years of the passage of the proposed 809 Apparel/Pilot Program with the US, these projected exports are expected to be fulfilled. This program also known as the Save Our Industries Act was filed by Rep. Jim McDermott on June 25, informed Mr. Lawrence de los Santos, President CONGEP.

It is expected that the US House Means and Ways Committee will approve this bill by the fourth quarter of current year and will pass it by March or June 2010, said the President. Allotting a few months allowance for the drafting of the implementing rules and regulations, the bill is likely to be implemented by the September of coming year, he added.

It is very much important that the bill is passed during the said period, said De los Santos, since the domestic garment sector has been designated as a distressed industry. The proposed 809 program is expected to bring in $3 billion in extra exports of garments and about 600,000 jobs, said the Chairman of CONGEP.

The estimated 60 new garment manufacturing firms that would be established in the country could generate 210,000 jobs within four years of the implementation of law.

Rroad-shows would also be conducted in Honk Kong and China to allure other manufacturers and buyers to invest and source from the Philippines, said Henry Tan, CONGEP chairman and CEO of the Hong Stock exchange-listed Luen Thai Holdings.

Fibre2fashion News Desk - India


Must ReadView All

US merchandise trade with India, 2012–16; Courtesy: USITC

Textiles | On 27th Jul 2017

India becomes US’ 9th largest trading partner in 2016

In 2016, India became the United States’ 9th-largest single-country...

Textiles | On 27th Jul 2017

GST will lead to further increase of MMF prices

The Goods & Services Tax (GST) rolled out on July 1, 2017 is not...

Textiles | On 27th Jul 2017

Global yarn production improved 30% q-o-q in Q1: ITMF

In the first quarter of 2017, global yarn production rose by almost...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X