Myanmar Global Star News reported that according to statistics from the Myanmar Ministry of Commerce, exports of the garment industry reached US$4.28 billion in the 2019/20 fiscal year, a decrease of 6.95% from US$4.6 billion in the same period last year.
Myanmar’s garment industry enjoys preferential tariffs when exported to EU countries, so it is the main traditional export item, accounting for about 30% of the total export value. This year, due to the impact of the new crown epidemic, the raw materials for garments Negative factors such as blocked imports, slowed international market demand and canceled orders have led to the closure of some garment factories, resulting in thousands of employees losing their jobs.
In order to avoid insufficient supply of raw materials caused by the impact of the epidemic on international transportation, experts recommend that the government cooperate with private units to establish a complete spinning, weaving, dyeing, and sewing system for the garment industry. Manufacturing and other supply chains are responding. </p
