As a result of military takeover in Myanmar, global brands are shifting their garment orders to other Southeast Asian countries, including Philippines. International buyers, especially from the US, have placed around $500 million worth of orders with garment exporters in the Philippines, according to the Foreign Buyers Association of the Philippines (FOBAP).
The country has received orders from American fashion brands for basic babies’ playwear, women’s dresses, intimate apparel and men’s athletic and sportswear, Robert M Young, FOBAP president and trustee of the Philippine Exporters Confederation Inc., said at a recent virtual forum.
The orders will translate into additional foreign revenue earnings, employment opportunities and livelihood which will snowball to related industries, Philippine’s media reports quoted Young as saying.
The country’s garment industry had taken a big hit due to the pandemic, cutting exports by close to 40 per cent, as per an October 2020 report by the International Labor Organization (ILO).