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New US bill may rejuvenate garment exports
03 Jul '09
2 min read
The Philippine garment export industry is expected to get a boost with the filing of a bill in the US Congress, which allows the sector tariff-free access to the markets in the US. This bill was presented as a “Save our Industries Act of 2009 (SAVE Act)”.
The Philippine textile and garment industry is going through a distressing period and the global recessionary trends have just aggravated the crisis. This bill if passed could bring in much needed investments in to the sector, aver experts.
This bill has been incorporated under the “809 Component” program, which stipulates that any piece of garment made from US manufactured yarns and fabrics and if wholly produced in Philippines, qualifies for duty-free access to the US markets.
The bill which has been enacted for a initial period of ten years is expected to provide a fillip to the US manufacturers who have been crushed under the weight of cheap imports of textiles from China, since the last few years.
Textiles finished goods which have been included in the proposed bill are cotton and man-made fibre (MMF) knit shirts, cotton and MMF trousers, cotton and MMF underwear (men's and boys' only), MMF woven men's shirts, cotton and MMF brassiers as well as cotton and MMF swimwear.
The Philippine textile and garment industry is going through a distressing period and the global recessionary trends have just aggravated the crisis. This bill if passed could bring in much needed investments in to the sector, aver experts.
This bill has been incorporated under the “809 Component” program, which stipulates that any piece of garment made from US manufactured yarns and fabrics and if wholly produced in Philippines, qualifies for duty-free access to the US markets.
The bill which has been enacted for a initial period of ten years is expected to provide a fillip to the US manufacturers who have been crushed under the weight of cheap imports of textiles from China, since the last few years.
Textiles finished goods which have been included in the proposed bill are cotton and man-made fibre (MMF) knit shirts, cotton and MMF trousers, cotton and MMF underwear (men's and boys' only), MMF woven men's shirts, cotton and MMF brassiers as well as cotton and MMF swimwear.
Fibre2fashion News Desk - India
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