AS US-CHINA TRADE SPAT HEATS UP, THE PHILIPPINES ANTICIPATES CHINESE GARMENT INVESTMENT WAVE
August 1st, 2018
Signs of an accelerating relocation of garment investment from China to the Philippines are emerging, amidst the US imposing an additional 10% duty on textile and some clothing products from China. The Chinese government retaliation of an additional 25% duty on US cotton imports making raw material sourcing for China-based manufacturers more expensive has also raised the cost of doing business in China. Already faced with growing labour costs and tightening environmental legislation, Chinese clothing and textile manufacturers have been eyeing southeast Asia for ...
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