The FTA approved by South Korea’s Parliament may boost apparel imports from the Philippines, which currently holds a negligible share.
In January-October 2024, South Korea imported $10.513 billion of apparel, with the Philippines contributing just 0.67 per cent ($70.114 million).
Fabric imports from the Philippines were similarly low.
The FTA may enable larger share for Philippines.
The FTA approved by South Korea’s Parliament may boost apparel imports from the Philippines, which currently holds a negligible share.
In January-October 2024, South Korea imported $10.513 billion of apparel, with the Philippines contributing just 0.67 per cent ($70.114 million).
Fabric imports from the Philippines were similarly low.
The FTA may enable larger share for Philippines.