Potential from the US – China trade war
The US is set to increase tariffs of Chinese products. Investors have been expanding or relocating their leather goods production into other ASEAN countries. Philippines is a very potential alternative.
With a huge domestic market (Population: approx. 108 million), the Philippines is actively developing its leather industry. The Footwear & Leather goods industries predicted an export growth of 24% this year to USD 0.75 billion from USD 0.6 billion in 2017, which means the Philippines will need to import a lot of leather machinery & materials for the manufacturing.
2nd Philippine Leather Expo 2019 is the ONLY leather & leather goods machinery exhibition in the Philippines. The debut show is held successfully during August 23-26 2018. VIP attendees included the Head of Ministry, Department of Trade and Industry (DTI) of Philippines, the Hon. Ramon Lopez. Together with Philippine Garment Industry & Fabric Expo, the show is expecting to attract over 200 exhibitors. With support from the Philippine Board of Investment (BOI), Confederation of Wearable Exporters of the Philippines (CONWEP), Textile Producers Association of the Philippines (TEXPAP), Marikina Shoe Industry Development Office (MASIDO), and Institutes in Department of Science and Technology, this show will help you explore the potential Philippine market.
The exhibitor recruitment for 2019 event is in full swing. Please contact Ms. Laura Ji in Hong Kong (Tel: +852 25117427, Fax: +852 25119692, Email: laura@cpexh.com, cpexh@yahoo.com, Wechat: cpexhibition) or our representative in your region immediately for booking and/or inquiries. More details can be obtained here: www.phglf.com/LeatherInd