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Philippine Garments Industry Overview by ivanmagadia is a document available to read on EtoBox.
What is Philippine Garments Industry Overview about?
The Philippine Garments and Textiles Industry has faced significant challenges since the expiration of the Multi-Fibre Agreement in 2005, resulting in a loss of 150,000 jobs and decreased competitiveness against lower-cost producers. The share of garments/textiles exports has fallen to less than 5% of total Philippine exports, with a notable decline in export value. The industry is struggling with high business costs and a lack of guaranteed market access, impacting its overall viability.
- Author
- ivanmagadia
- Language
- EN