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The Philippines is the thirty-seventh largest economic system on the planet by way of purchasing power parity, in accordance with the International Monetary Fund. While sericulturists want imports of raw silk to be restricted to have better market for their produce, exporters want imports of cheaper raw silk so as to be able to export more silk products at competitive rates. The energy of this trade lies in its extensive base, the sustaining market demand pull especially from the Indian handloom weaving sector, the infrastructure created by the national sericulture challenge and the research and training capabilities.\n\nThis is the prevailing …