Myanmar/Financial Textile Exports Slump



According to the April 27 edition of Myanmar’s “Golden Phoenix”: According to statistics from the Myanmar Ministry of Commerce, in the 2014/15 fiscal year (April 1, 2014 to March 31, 2015), My…

According to the April 27 edition of Myanmar’s “Golden Phoenix”: According to statistics from the Myanmar Ministry of Commerce, in the 2014/15 fiscal year (April 1, 2014 to March 31, 2015), Myanmar’s textile exports earned US$896 million. This was a sharp decline from the US$1.3 billion in the 2013/14 fiscal year. The relevant person in charge of the Myanmar Textile Industry Association said that although European countries have re-granted Generalized System of Preferences (GSP) treatment to Myanmar enterprises, the decline in international demand, the lack of professional and technical employees, the withdrawal of foreign-funded enterprises, and the continuous occurrence of labor disputes have all led to the decline of Myanmar textile products. reasons for the decline in exports.

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