Myanmar earned more than $1 billion from garment exports between April and early September this year, making apparel the second leading item in the export sector, according to the country’s commerce ministry. Garments are exported to Japan, Europe, South Korea, China and the United States and exports were estimated to be worth $2 billion in fiscal 2016-17.
Myanmar’s garment units operate on the cutting-making and packing (CMP) system and are striving to transform into the free on board (FOB) system, according to a report in a Myanmarese newspaper.Myanmar earned more than $1 billion from garment exports between April and early September this year, making apparel the second leading item in the export sector, according to the country's commerce ministry. Garments are exported to Japan, Europe, South Korea, China and the United States and exports were estimated to be worth $2 billion in fiscal 2016-17.#
There are over 400 garment factories in Myanmar, with a labour force of more than 300,000. (DS)
Fibre2Fashion News Desk – India
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