MANILA, Philippines -Local exporters of garments and textile goods have expressed optimism for the industry next year amid the improving job situation in one of their largest overseas markets, the United States. Foreign Buyers Association of the Philippines (Fobap) president Robert M. Young, whose trade group exports about $1 billion worth of garments each year, said they were looking at a 2-percent growth by the middle of 2024. “In the US, the main cause of the decrease in our garment sales is joblessness. Now it is easing,” Young told the ...
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