Home / Knowledge / News / Apparel/Garments / US import ban hurts Myanmar garment sector - Report
US import ban hurts Myanmar garment sector - Report
03
Aug '12
The ban imposed by the US on all imports from Myanmar is affecting the garment industry in the Asian nation, according to a report released by the Brussels-based International Crisis Group (ICG).
 
In its report titled “Myanmar: The Politics of Economic Reform”, the thinktank warns that renewing the US import ban, which is scheduled to end this year, could seriously impact economic recovery in Myanmar.
 
Last month, the US lifted some financial and investment sanctions on Myanmar but has continued the ban on imports from Myanmar.
 
Meanwhile, the US Senate committee has recommended extension of the US import embargo on Myanmar for another three years.
 
Political transition and economic reconstruction are deeply entwined in Myanmar, and the Government, the country’s elites and the international community must embrace both for the dramatic reforms underway to succeed, the ICG report states.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Eamonn Tighe
Nature Works LLC

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search