PHILIPPINES’ GARMENT EXPORT SECTOR AWAKENING FROM DECADE-LONG SLEEP
November 1st, 2018
The Philippines’ latest national trade data, published on October 10, has suggested that a recent slump may be over for this southeast Asian country’s troubled garment export sector. It was considered a sunrise industry during the 1990s but has since fallen far behind its Chinese, Vietnamese and Cambodian counterparts. And last year (2017), the industry faced an especially tough time.
A dismal year-on-year average contraction in exports of 40% in the first quarter of the year, was followed by a 60% decline across the whole of 2017.
However, Philippines ...
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