Effort to get tax exemption to export garment

Local garment factories are attempting to export their own branded garments, according to the Myanmar Garment Entrepreneurs Association. Currently, local garment factories export their products with the Cut-Make-Pack (CMP) system. “We are unable to export our products with the Free-On-Board (FOB) system. Currently, we are trying to get tax exemption for the FOB system. “We […]

Clothing industry looks for favoured status

The Myanmar Garment Entrepreneurs Association says it is working for MFN (most-favoured nation) status so that the CMP (cutting, making and packaging) clothing industry can receive tax reliefs. Myint Soe, chair of the association, said: “I have submitted a plan to ensure the country gets MFN status when CMP products are exported to the US. […]

Myanmar CMP garment exports to touch $2.2bn in 2017

Cutting, making and packaging (CMP) garment exports from Myanmar are likely to fetch around $2.2 billion this year, as local companies have bagged more number of orders from the EU and Japan, according to Myanmar Garment Entrepreneurs Association. Apparel orders from the EU have especially increased after reinstatement of GSP rights by the EU. In […]

Myanmar’s Garment Sector Booming Due to Lifting of EU Sanctions

​​ The garment sector in Myanmar has developed because the EU lifted economic sanctions, potentially opening up 100,000 jobs in the garment sector, state media reported quoting the Myanmar Garment Entrepreneurs Association (MGEA). “Previously, there were only 300 garment factories in Myanmar. Now, there are over 400 garment factories in Myanmar thanks to the lifting […]

Myanmar courting global producers

The Myanmar authorities have sped up efforts in recent months to increase the country’s attractiveness for global manufacturers. The latest move was revealed in September by the Myanmar Investment Commission (MIC) and concerns the move to allow local and foreign investors into industrial zones across the country. This follows requests by companies from Hong Kong […]

Myanmar Expected to Have Earned $2 Bn From Garment Industry

​​ It is expected that Myanmar could earn about US$ 2 billion from CMP (cutting, making and packaging) garment industry, which is running under a piecework system, in 2016, according to Myanmar Garment Entrepreneurs Association. US$ 1.65 billion was earned in 2015, and over US$ 1.1 billion has been earned between April and November of […]

Efforts to be made to fulfill up to 1million labour requirements in garment sector

The concerted efforts will be exerted to fulfill the requirements of labour force in garment sector, it is learnt from garment enterprise. The garment sector is likely to grow five times more than its current status and employ between 300,000 and 1 million labourers by 2024, officials said. Exports from the garment sector earned nearly […]

HK, South Korea eye clothing factories

Companies from Hong Kong and South Korea have submitted proposals to establish garment factories and whole industrial zones to the Myanmar Investment Commission. Now the MIC was discussing potential locations with regional governments, said committee secretary Aung Naing Oo. “It is still at the discussion stage. They will enter the country when we are ready. Currently, we are making sure that we can give land to them for factories. They will set up their factories at the places where the government specifies. They are most likely to get land for their factories in Yangon and Bago where there are jetties,” he added. The MIC said it hoped the factories would create job opportunities.  “We plan to establish industrial zones […]

Textile and Garment Special Zones to be established

ARRANGEMENTS will be made to found textile and garment special zones (TGSZs) to manufacture garment products of international quality specifications and to issue certificates to enable the products to enter the international textile and garment market, it has been learned. Effort will also be exerted to attract the attention of foreign investors to the industrial […]

KATRI to assist development of Myanmar textile export sector

No 3 Heavy Industry under the Ministry of Industry will work with Korea Apparel Testing Research Institute (KATRI) to improve Myanmar’s textile sector to enter the international market, according to Dr. Eun Ho Shin, the in-charge of KATRI. The cooperation aims at promoting the textile industry a under three-year-project to effectuate the development of the […]