Home / Knowledge / News / Textiles / Handicraft exports bounce back
Handicraft exports bounce back
17
Feb '10
Expectations for recovery of the export sector during current year have amplified with some of the handicraft exporters once again receiving orders from several foreign buyers, who had curtailed purchases in 2009 owing to the global economic meltdown.

Chiqui Veneracion, Managing Director of Twenty Nine: Eleven Handicraft Trading said that, the market is rebuilding up its strength but at a very slow rate and added that, at present though they are getting inquiries but they are not necessarily converted into orders.

Veneracion, Vice President of the Philippine Chamber of Handicraft Industries (PCHI) revealed that, recently a regular customer from France has hiked its purchases and the company has also once again started receiving orders from its clients in South America. Also trade organizers in Hong Kong and Paris have expressed their interest in trade activities with them.

Noting that some buyers who had halted purchases during last year are now once again placing orders with some of the companies, Malou Balano, executive director of Philippine Exporters Confederation, Inc. (PHILEXPORT) Region 3, held that the European market is depicting signs of recovery.

Balano also revealed that manufacturers and exporters were saved, due to the booming domestic market and they expect the growth to continue in the same way in the current year too.

He also stressed on the need for exporters to ascertain, as to how the Free Trade Agreements (FTAs) that Philippines has signed with other countries, would aid them in raising their export turnover in spite of the impact of the economic downturn.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Urs Stalder
Sanitized AG

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

Kevin Nelson
TissueGen

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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
March 2017

March 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