A trade group of local exporters of garments and hard goods such as furniture and footwear is set to promote Philippine-made products to Japanese buyers during the official visit of President Marcos Jr. to Japan next week. | AldenMonzonINQ /PDI
The Fobap official recalls that the Philippines used to ship at least one 40-foot container full of garments and hard goods to Japan every week for 10 years, equivalent to as much as $250 million a year, but that it has dwindled over the years as other countries became more competitive and wrested purchase orders away from the Philippines.
This time, he said the group would highlight the quality and workmanship of Philippine-made goods, especially of handcrafted products, to encourage them to come back. “This time we will focus on higher-end products, which other Asean economies are not keen to accept [as they] prefer basic items with big volume,” said Young.
Young said the Philippines was also losing out because local electricity costs are significantly higher than those in other Asian countries including Vietnam, Thailand, and Indonesia. This, according to him, is restricting the competitiveness of Philippine-made products as it is more expensive to operate and produce goods locally compared to other countries.Subscribe to our daily newsletter
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