Philippine garment and textile industry urgently awaits recovery and calls for Chinese enterprises t
Local garment manufacturers in the Philippines hope that the government can stimulate the local garment textile industry through tax revenue, and also appeal to the government to attract Chinese enterprises interested in investing in cooperation.
Robert, president of the Philippine Association of Foreign Purchasers, said the industry needed government subsidies, especially labor and electricity expenditures, to reduce the cost of doing business in the country. & quot; Some Chinese companies are already consulting about cooperation in setting up factories in Philippines. & quot; Robert stressed that the Philippines should make good use of this to attract Chinese enterprises.
The Federation of Philippine Exporters has also raised the need for more tax subsidies, and such measures are now being legalized.
It is understood that the Dutter government is promoting tax reform to attract higher quality investment opportunities. At the same time of reforming tax incentives, the standard of enterprise income tax is gradually lowered.
Robert said the benefits of tax incentives in Philippine labor law should not be deleted. On the contrary, more should be given, such as allowance rights, labor force enhancement, skills training and so on. & quot; you know, garment manufacturing is a very labor-intensive industry. & quot; Robert said.
The garment textile industry used to be competitive in the export market, even considered as a sunrise industry in the 1990s. Since the WTO abolished the textile quota in 2005, the export performance of the Philippine industry has declined. The country's apparel and textile enterprises have also experienced many difficulties, such as factory closure, scale reduction and large-scale layoffs.
At a press conference in August 2018, William Ang, manager of Globe Textile Industries Corp., complained that the clothing industry received little support from the Philippine government. Its representative, the Philippine Garment Manufacturers Association, said that the Philippines has a large number of talented designers, but they are easily ignored and less valued.
Similarly, Robert stressed that once the Philippine apparel industry recovers, the country can enter more markets, especially the ASEAN market. & quot; neighbouring countries like Bangladesh, Vietnam, Sri Lanka and even Myanmar are now trying to fill the gap, but lack more space to create new products, which is the time for the Philippines to revive the industry. & quot; Robert said.
