Home / Knowledge / News / Textiles / US ends duty free privilege for Philippines textiles
US ends duty free privilege for Philippines textiles
13
Jul '15
The export of textile and garments from Philippines to America is expected to slow down after the US government excluded textile, garment and apparel from zero tariff privilege under its newly extended Generalised System of Preference (GSP) although it gained preferences for travel goods, according to media reports in Philippines.

President Barack Obama signed last week the Trade Preferences Extension Act of 2015 (H.R. 1295), which will reauthorize the U.S. Generalized System of Preferences (GSP) Program until 31 December 2017. The law will restore the GSP program effective 29 July 2015.

The program, however, excludes textile, apparel, and footwear, the Philippines second largest sectoral exports to the US market. At the same time, the US-GSP has expanded its coverage to include some 20 to 30 specific types of travel goods and will provide for retroactive refund of all duties paid by US importers from the time the Program lapsed on 31 July 2013.

Philippines’ overall exports of textiles and apparel crossed $2 billion mark last year, according to the data from the industry and trade statistics department, under the Philippine Statistics Authority. Majority of the country’s textile and apparel exports go to the US market, the reports said.

Philippines earned $2 billion through exports of yarn, fabric and apparel in 2014. Of this, yarn and fabric exports shot up by 34.5 per cent year-on-year to $252.679 million, while clothing exports increased at 16.6 per cent to $1.8 billion, the data showed.

In contrast, exports of travel goods and handbags grew by 135.5 percent. For the period January to March 2014, export of garments grew by 4 per cent, and travel goods and handbags by 289.2 per cent compared to the same period last year.

In a statement, Philippine Ambassador to the US Jose L. Cuisia, Jr. cited the renewal of the GSP Programme saying it will give more Filipino exporters access to the US market, which in turn, would create jobs at home, increase competitiveness of Philippine companies and improve the country’s overall trade position.

The GSP program is a tool that helps an eligible country to expand its exports to the US. It directly benefits micro, small and medium enterprises (MSMEs) and is a major employment generator for many export–oriented agribusinesses and community based industries in the various regions of the Philippines.

The reinstatement of the program means that the Philippines could recoup its lost export share directly caused by program’s expiry in 2013. More importantly, it is also an essential incentive for investors, both foreign and local, as it boosts the competitiveness of products produced in the Philippines in the US market, the reports said. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Apparel/Garments | On 26th Sep 2017

US raises annual AGOA quota for textiles

The US Committee for the Implementation of Textile Agreements has...

Textiles | On 26th Sep 2017

Gujarat hopes extended textile policy to attract Rs 5000 cr

The Gujarat government feels that its recent decision to extend its...

Apparel/Garments | On 26th Sep 2017

Cash burn by e-tailers in India may double during festivals

During this year’s festival season, which has already started,...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Tony Ward
Tony Ward

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

Rupa Sood and Sharan Apparao
Nayaab

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

September 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
75.0%
No
12.5%
Skip
12.5%

Total Votes: 48

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

Yes No

Active Poll

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

Yes
62.5%
No
25.0%
Skip
12.5%

Total Votes: 48

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

Yes No

Active Poll

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

Yes
87.5%
No
6.3%
Skip
6.3%

Total Votes: 48

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

Active Poll

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

Yes
70.8%
No
10.4%
Skip
18.8%

Total Votes: 48


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