In a rare move, foreign buyers—especially from the US—are absorbing part or all of the 19 per cent tariff on Philippine garment exports as per reports, thereby helping the suppliers remain competitive against lower-cost rivals like Vietnam, Bangladesh etc.
Industry leaders say strong business relationships are behind this unusual solidarity, which is proving critical in sustaining orders.In a rare move, foreign buyers—especially from the US—are absorbing part or all of the 19 per cent tariff on Philippine garment exports as per reports, thereby helping the suppliers remain competitive against lower-cost rivals like Vietnam, Bangladesh etc.
Industry leaders say strong business relationships are behind this unusual solidarity, which is proving critical in sustaining orders.
