Cebu furniture firms eye US market
Although the market is expected to contract because of the continuing
recession in the US, increasing production costs and the appreciation
of the peso, Cebu’s furniture exporters are looking forward to their
annual fair to generate much-needed opportunities.
Even before Cebu Xcite 2008, the annual furniture show here, could
open, the Cebu Furniture Industries Foundation, Inc. (CFIF) reported
that the number of pre-registered buyers has doubled, compared to the
2006 show. “We equate this to a possible high attendance and in return,
more export sales and jobs. We are confident that the visiting buyers
are not here just to look around and waste their time, but they are
here for a very good reason and that’s to buy,” said CFIF President
Eric Vincent Casas.More on Cebu Xcite 2008 stories