American Yarn And Fabric Will Also Enter Philippines Market With Zero Tariff.

< p > the US Congress launched the SAVE bill for the first time in 2009, and the bill was introduced again in 2011. The US Congress is expected to launch the SAVE bill again this month.

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< p > > Philippines a href= "//www.sjfzxm.com/news/index_z.asp" > clothing < /a > MaritessJocson-Agoncillo, executive director of the Federation of exporters (CONGEP), told the media that Philippines hoped that the United States would launch the bill again and pass the bill. After that, the two countries' a href= "//www.sjfzxm.com/news/index_q.asp" > textile > /a > clothing industry had carried out detailed negotiations on the bill.

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< p > except for negotiations between relevant government agencies, negotiations have been accelerating since the mid 2012.

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The < p > SAVE bill will allow duty-free garments imported from Philippines made of American fabrics completely into the United States, while Philippines will enjoy low tariff treatment when entering the United States with "a" href= "//www.sjfzxm.com/news/index_c.asp" yarn > /a.

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"P > American yarn and fabric will also enter Philippines with zero tariff, while part of the US does not use American fabrics to cut and sewn garments in Philippines. It also allows zero tariff to enter the United States. This issue has been discussed in great quantities.

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P > Jocson-Agoncillo says that if the SAVE bill is passed, it may be carried out by the end of 2014 or early 2015.

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< p > she said that this method will greatly promote the textile and garment industry in Philippines. At present, due to the low-cost competition in other parts of Asia, Philippines's textile and garment industry has suffered losses in recent years.

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< p > 2012 Philippines textile and garment exports amounted to about 1 billion 500 million US dollars.

Exports are at roughly the same level as in 2011.

However, exports have dropped by 41%. < /p > since 2005.

< p > the Federation of garment exporters of Philippines expects that if the SAVE act is passed, Philippines's clothing and textile exports will grow by 25% to 2 billion dollars in 2014 and 2015, then 30% in 2017, to 2 billion 700 million US dollars and 3 billion US dollars, roughly the same as that in 2003.

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< p > Philippines apparel Exporters Association expects that in 2014 and 2015, the textile and garment industry in Philippines will increase its investment by 1 billion US dollars if the bill is passed.

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< p > Philippines garment exporters Association expects that 150 new companies will be generated during this period, and 250 new companies will be produced in 2016 and 2017, and the total number will reach about 900.

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< p > textile and clothing will also absorb 450 thousand workers in the next five years, bringing the total number of employees to 600 thousand.

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< p > Philippines also hopes to increase preferential access to Europe through the EU's revised GSP (GSP). The revised GSP will take effect in 2014.

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< p > if the bill is passed, Philippines textile and clothing exports to the US and Europe will return to 2003 level, the ratio of exports to the United States is 75-80%, and the proportion of exports to Europe is about 15%.

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In 2012, Philippines's textile and clothing exports to the United States increased by 69%, about 9% in Europe, 5% in Japan, and 17% in other markets, including Australia, New Zealand and the Middle East.

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