The Philippines’ apparel exports are projected to reach $1 billion next year, backed by an expected boost from the FTA with South Korea expected to be effective in Q1, the Foreign Buyers Association of the Philippines said.
It believes the FTA will attract South Korean players to set up units in its economic zones and domestic manufacturers can penetrate the zero-tariff Korean apparel market.
It believes the FTA will attract South Korean players to set up units in its economic zones and domestic manufacturers can penetrate the zero-tariff Korean apparel market.