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

Plan under way to revive Egypt's state-run textile firms

Textiles | On 20th Oct 2018

Plan under way to revive Egypt's state-run textile firms

Egyptian minister for the public enterprise sector Hisham Tawfiq...

Myanmar asks garment units to set up skill testing centres

Apparel/Garments | On 20th Oct 2018

Myanmar asks garment units to set up skill testing centres

Myanmar’s ministry of labour, immigration and population has asked...

Results of Cameroon transgenic cotton trials by 2018 end

Textiles | On 20th Oct 2018

Results of Cameroon transgenic cotton trials by 2018 end

Cameroon’s national cotton development company Sodecoton will...

Interviews View All

Riddhika Shah, SS Homme

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Cindy McNaull, Cordura

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Top executives, Retailers

Top executives
Retailers

Weak rupee breeds inflation

Maya Simova,

Maya Simova

Inter Expo and Congress Center (IEC) is a prominent exhibition centre in...

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Sarah Perkins,

Sarah Perkins

Fairfax, Virginia-based Specialty Graphic Imaging Association (SGIA) is a...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Igor Chapurin, Chapurin

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

Leave your Comments


October 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search