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More And More Clothing Manufacturers Are Keen On Investing In Philippines.
According to Philippine media, garment manufacturers who have invested in Philippines continue to expand production and are scheduled to invest 4 to 500 million dollars in the next three to five years. These companies have factories in China, Vietnam and Indonesia. Despite the high electricity tariffs and strong monetary pesos in Philippines, clothing manufacturers still choose to invest in Philippines, one of which is high return on investment, and skilled labor and stable output. In 2007, foreign exchange enterprises made 1 billion 800 million dollars in foreign exchange, and the United States remained the largest export market. Garment enterprises are expected to export up to 17 to 2 billion dollars this year, and this year's target is the European market. In addition, the Philippine garment enterprises will also turn their eyes to Japan, because the implementation of the economic partnership agreement JPEPA signed between Philippines and Japan will benefit both enterprises.
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