The Philippines has prepared a roadmap for the garment and textile industry.
The plan covers the period 2020 to 2029. In the short term, the hope is to be among the top 20 garment exporters with an annual growth of 12.3 per cent in garment exports and a 3 per cent -5 per cent increase in textile exports. This will be made through the utilisation of natural and synthetic textile fibers by five per cent to ten per cent. In the medium term, the roadmap forecasts the Philippines to improve its world ranking in garment exports into the top 15 largest globally. It is expected to increase its garment exports by 21.7 per cent annually and natural and synthetic textile fiber exports by ten per cent. Infrastructure gaps and logistical bottlenecks will be addressed. High-quality infrastructure and logistical services will enhance production efficiency, transportation, communication and distribution. In the long term, the roadmap expects the Philippines to be among the top ten of the world’s garment exporters with an annual 45.8 per cent annual increase in the exports of garments.
The Philippines is already known for everyday wear global brands as the industry has already upgraded to original brand manufacturer with homegrown Filipino labels.