Home / Knowledge / News / Textiles / Philippines may allow 100% duty-free import of US textiles
Philippines may allow 100% duty-free import of US textiles
22
Oct '12
The Philippine Government is expected to grant duty-free access to all US-made textiles, yarn and fabrics in exchange for the duty-free access of Philippine garments to that market.
 
This has transpired as Philippines Department of Trade and Industry (DoIT) is once again gearing up to amend the draft “Save Our Industries Act” bill, which has already been set aside by the US Congress three times.
 
DoIT Undersecretary Cristino L. Panlilio said they are redrafting the bill to increase its acceptability to industry players.
 
According to Manila Bulletin, Mr. Panlilio said presently a Philippine garment maker can import 70 percent of the raw material requirement from the US duty-free, to produce goods meant for re-export to that market, while the rest 30 percent of their imports are subjected to duty payment at prevailing rates. 
 
However, Mr. Panlilio said looking ahead to tap the emerging Philippine market, the American textile associations are seeking that the Philippine Government remove this limit and allow all raw material imports, including textile, yarn and fabric from the US duty free, as a quid-pro-quo for duty-free export of the Philippines-made apparels to the US.
 
Such an amendment would also help the US to overcome the US$ 200 million to US$ 220 million that it would lose in revenue annually for allowing duty-free entry of Philippine garments and apparels. 
 
Mr. Panlilio said this substantial loss of revenues was the main reason for which the “Save Act” bill was set aside by the US Congress three times.
 
Acceptance of the request of the US textile associations would require the Philippine Government to forego some revenues, and hence they have approached the Department of Finance in this regard, he said.
 
He said duty-free import of the rest 30 percent raw material from the US can be allowed as it would boost domestic garment production, resulting in enhanced employment generation. This would also boost the Philippine garment exports to the US, he added.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 24th Jul 2017

Govt extends deadline for GST composition scheme to Aug 16

The Government on India has extended the deadline for small...

Textiles | On 24th Jul 2017

Irani terms GST as a ‘great step towards transparency’

Union textiles minister Smriti Irani has termed the Goods and...

L-R: Dhanapal, JMD, Best Corporation; Prabhu Damodaran, Convenor, ITF; Narayanasamy, MD, Micro Cotspin; Senthilnathan, MD Rasitex India; and Sabapathy, MD, Prasanna Spinning Mills

Textiles | On 24th Jul 2017

TN mills seek partnership with cotton growing states

Spinning mills in Tamil Nadu are seeking stronger partnership with...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Smita Murarka
Amanté

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

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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