MACCS Border Trade System to Launch at Myawaddy Gate Next Year

The Myanmar Auto­matic Cargo Clear­ance System (MAC­CS) will be implemented at the Myawaddy Border Gate next year to speed up the flow of trade at the country’s second largest overland trade point, ac­cording to an announce­ment by the Customs De­partment. The scheme to upgrade the checking system at the gate from manual to digital was […]

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. […]

Ministry to Develop Specialized Textile and Garment Zone

​​ The union minister for industry has said that 127 acres of land in No.1 Garment Factory located in Shwe Taung, Bago Region, will be transformed into a Specialized Textile and Garment Zone (STGZ). Khin Maung Cho, said the ministry will invite potential local and foreign investors to develop the zone to manufacture high quality […]

Gap’s entry to Myanmar could bring more good tidings, MGMA says

Gap’s entry into Myanmar could attract more foreign buyers into the fledgling garment industry, thus improving work conditions and increasing employment for workers, the chairman of Myanmar Garment Manufacturers Association (MGMA) said on Monday. Retail giant Gap Inc announced on Saturday that they have started sourcing products from two South Korean-owned factories in Yangon, making […]

Garment industry to increase foreign investment

YANGON – The Myanmar Garment Manufacturers Association (MGMA) expects the garment industry to gain US$ 1.5 billion in foreign investment by 2015 if political reforms continue. Enterprises that deal in cutting, making and packing are creating job opportunities as foreign investment grows in the garment sector. Garment exports made record earnings with US$ 1.1 billion […]