Myanmar’s garment manufacturing industry is developing rapidly
According to Myanmar’s “Global New Light” on September 22: According to the Ministry of Commerce of Myanmar, as of the 2016/17 fiscal year so far (April-September 2016), Myanmar’s cutting-sewing-packing (CMP) system The export value of the garment manufacturing industry reached US$745 million, an increase of more than US$500 million compared with US$232 million in the same period of the previous fiscal year. According to data from the Myanmar Garment Manufacturing Enterprises Association, Myanmar exported a total of US$1.6 billion in clothing in the 2015/16 fiscal year, of which exports to Japan reached US$580 million, making Japan the largest clothing export destination in Myanmar. The association predicts that with the opening of markets in countries such as the United States, Myanmar’s garment manufacturing exports are expected to double. It is reported that the Myanmar Investment and Company Administration plans to build new garment manufacturing industrial zones in Yangon and Bago regions. Myanmar’s garment manufacturing industry is developing rapidly
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