Home / Knowledge / News / Apparel/Garments / Myanmar garment sector to gain as EU lifts sanctions
Myanmar garment sector to gain as EU lifts sanctions
Apr '12
Myanmar's garment industry is set for revival, including creation of new jobs, as the European Union has announced lifting of the sanctions that it imposed on Myanmar since late 1990s, owing to recent political reforms carried out in Myanmar.

Following the imposition of the sanctions, Myanmar lost its General System of Preferences (GSP) status with the EU, which allowed garment producers of Myanmar to export their goods to the EU market duty free. This resulted in a rise in cost of doing business in Myanmar, which ultimately led to reduction in trade.

The removal of sanctions by the EU is expected to bring back some of the 80,000 garment industry jobs that were lost over the past decade in Myanmar, as it would pave way for several new contracts and orders.

This would lead to generation of around 25,000 jobs in the Myanmarese garment industry this year itself, according to Myanmar Garment Manufacturers association.

Although the sanctions or trade embargoes were imposed by the EU to punish the Southeast Asian nation's former military rulers for their misrule and human right abuses for years together, it proved to be far more detrimental for the poor unskilled workers than for the rulers, as a lot many of these workers lost their jobs.

With the removal of sanctions by EU, the Myanamarese garment industry is now looking forward to a similar gesture from the US, as it could provide further boost to the sector.

Prior to the imposition of sanctions by the US in 2003, around 75 percent of Myanmar's garment exports were destined to the US.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Oct 2016

Indian govt plans roadshows to promote textile exports

The Indian government has planned to conduct roadshows to boost the...

Textiles | On 24th Oct 2016

TPP may hit roadblock

The 12-member Trans-Pacific Partnership (TPP) that was signed earlier ...

Textiles | On 24th Oct 2016

Baba Ramdev’s Patanjali to enter textile manufacturing

Patanjali Ayurved, an enterprise initiated by yoga guru Baba Ramdev,...

Interviews View All

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search