Manila Bulletin
Garments giant eyes Philippine expansion amid low US tariffs, says DTI chief
A Hong Kong-based garments company, described as one of the biggest in the industry, is considering expanding its manufacturing capacity in the Philippines.
This expansion is driven by the Philippines' relatively low reciprocal tariff rate of 17% on products imported into the United States.
The company plans to increase production in the Philippines, taking advantage of this favorable tariff rate.
DTI Secretary Cristina Roque is scheduled to meet with the company this month to discuss their expansion plans.
The expansion is anticipated once the current 90-day pause on higher reciprocal tariffs, initially set at 10%, is lifted by the US.
Topics in this story
Explore more stories about these topics.
🤖
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
Philippine Trade Secretary Ma. Cristina Roque and Special Assistant to the President for Investment and Economic Affairs Secretary Frederick Go will travel to the United States from April 29 to May 2 for tariff negotiations.
+2
Read more →
Senate Majority Leader Francis Tolentino proposed the creation of a National Trade Commission to study the economic impact and opportunities for the Philippines under the new US tariff regime.
Read more →
The ASEAN+3 Macroeconomic Research Office (AMRO) forecasts that the Philippines might fall below its six percent economic growth target for 2025 due to the impact of reciprocal tariffs imposed by the United States.
+1
Read more →
PLG Prime Global Co., an American-Taiwanese luggage manufacturer, is considering reviving its operations in the Philippines and plans to establish its next factory in Hermosa, Bataan.
Read more →