Interviews
President lobbies for levy free apparel exports to US
05 Oct '10
2 min read
President Benigno Aquino III is effectively lobbying for the prompt enactment of the US legislation which has been proposed for improving the textile sector of US and the labor-intensive apparel sector of Philippines.
The SAVE Act is expected to be passed before the mid-term elections scheduled in November. The bill asks for the elimination of duties on some home-made apparel which uses American fabrics and yarns for the next 10 years.
If the bill is passed, it will generate more jobs and also improve the trade between the two countries. This was revealed by Cristino Panlilio – the Trade and Industry Secretary.
It was estimated that the passage of the act would create 450,000 more jobs in Philippines in five years' time and increase the exports of apparel to US by two or three times, from the present US $1 billion to $3 billion, annually.
Willy Gaa – the Philippine Ambassador to US pointed out that 3 million Filipinos residing in USA can strongly influence the lobbying process and press their congressmen and senators for passing the bill.
The textile sector in US is actively advocating the SAVE Act, which is a favorable point for the Philippine lobby.
The enactment of the bill is expected to radically raise US textile exports from $13.5 million in 2009 to $500 million in another five years' time.
Apparel exports from Philippines have recorded a fall to $1 billion in 2009 from $2.1 billion in 2006. This is also expected to bounce back to the earlier high levels. Around 80 percent of the apparel shipments from Philippines go to the US market.
Most of the plunge in garment shipments to US was due to the low-priced and government sponsored exports from China as well as the 17 to 33 percent duty imposed on these shipments by the US from the previous zero level.
The SAVE Act is expected to be passed before the mid-term elections scheduled in November. The bill asks for the elimination of duties on some home-made apparel which uses American fabrics and yarns for the next 10 years.
If the bill is passed, it will generate more jobs and also improve the trade between the two countries. This was revealed by Cristino Panlilio – the Trade and Industry Secretary.
It was estimated that the passage of the act would create 450,000 more jobs in Philippines in five years' time and increase the exports of apparel to US by two or three times, from the present US $1 billion to $3 billion, annually.
Willy Gaa – the Philippine Ambassador to US pointed out that 3 million Filipinos residing in USA can strongly influence the lobbying process and press their congressmen and senators for passing the bill.
The textile sector in US is actively advocating the SAVE Act, which is a favorable point for the Philippine lobby.
The enactment of the bill is expected to radically raise US textile exports from $13.5 million in 2009 to $500 million in another five years' time.
Apparel exports from Philippines have recorded a fall to $1 billion in 2009 from $2.1 billion in 2006. This is also expected to bounce back to the earlier high levels. Around 80 percent of the apparel shipments from Philippines go to the US market.
Most of the plunge in garment shipments to US was due to the low-priced and government sponsored exports from China as well as the 17 to 33 percent duty imposed on these shipments by the US from the previous zero level.
Fibre2fashion News Desk-India
Popular News
Leave your Comments
Editor’s Pick
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
