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

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Rupa Sood and Sharan Apparao
Nayaab

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search