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Myanmar garment exports swell
May '11
A 30 percent rise has been witnessed in garment exports from Myanmar which rose from over US$187 million in fiscal year 2009-10 to US$243 million during last 2010-11 fiscal year that closed in March.

Japan, the leading importer of garments from Myanmar accounted for around 34 percent of the country's total commodity exports during last fiscal, while Germany, Spain and South Korea came next.

The massive earthquake in Japan during March has had no effect on Myanmar's garment exports to the country.

Further, the membership of the Myanmar Garment Manufacturers Association (MGMA) has gone up to 209 in 2011 from 154 in 2007.

The country begun to export garments in 1960, and added Germany, South Korea, Japan and European nations to its clientele in 2007, while now, it has even penetrated in markets like Turkey, Argentina, Brazil and South Africa.

With an aim to boost quality and production of garments, MGMA has started courses on garment sewing techniques and management, since 2009.

As revealed by the official statistics, Japan by now has invested US$204.76 million in Myanmar, and thus occupies 12th position in the amount invested amongst countries in Myanmar.

Fibre2fashion News Desk - India

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