Home / Knowledge / News / Textiles / Korea explores opportunities in Myanmar textile sector
Korea explores opportunities in Myanmar textile sector
27
Jun '12
Representatives of eight South Korean firms are visiting Myanmar to explore investment and trade opportunities in the textile and garment sector.
 
The Korean business delegation will discuss opportunities in various textile segments like dyeing, printing, fabrics, apparels and raw materials, according to the Korea Trade-Investment Promotion Agency.
 
In 2011, South Korea imported US$ 300 million worth of goods from Myanmar, with textiles and garments constituting a major share, according to South Korean statistics.
 
As of January this year, South Korean investment in Myanmar reached a total of US$ 2.9 billion in 48 projects.
 
According to the Myanmar Clothing Manufacturers Association, the country’s garment exports have declined by about 30 percent since the global economic crisis of 2008.
 
Power shortage and high value of Myanmarese currency are among the problems faced by the country’s apparel producers and exporters.
 
Myanmar imports raw materials from China and some other Asian countries for making clothing items that are mostly exported to Japan, South Korea and some European and Latin American countries.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 9th Dec 2016

ACIMIT signs MoU with Pakistan textile bodies

In a bid to strengthen the trading in garments and textiles between...

Textiles | On 9th Dec 2016

‘Less demand may make it hard to achieve export target’

The $48 billion target for textiles and garment exports for 2016-17...

Textiles | On 9th Dec 2016

GST Council may decrease tax rates in future: CBEC

The goods and services tax (GST) Council might reduce the proposed...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

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

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Tony Ward
Tony Ward

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

Robert Brunner
Devereux

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

Silvia Venturini Fendi
Fendi s.r.l

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

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