;
Home / Knowledge / News / Apparel/Garments / Withdrawing EU GSP benefits may end 4 lakh jobs in Myanmar

Withdrawing EU GSP benefits may end 4 lakh jobs in Myanmar

03
Nov '18
Withdrawing EU GSP benefits may end 4 lakh jobs in Myanmar
Apparel factories in Myanmar may close and around 400,000 workers turn jobless if the European Union (EU) removes Myanmar’s trade benefits under the generalised system of preferences (GSP), business and labour leaders in the country recently cautioned. The concern is apparently more about the long-term impact of the proposed decision rather than the immediate fallout.

The EU accounted for $1.8 billion, i.e., 72 per cent, of Myanmar’s garment exports last year.

EU representatives recently met Myanmarese businessmen and labour union leaders in Yangon to discuss removing the country’s preferential trade status, as a punitive measure for the failure of the government to resolve the humanitarian crisis in the Rakhine state, according to a Myanmarese newspaper report.

U Naw Aung, vice chair of Myanmar Industries Craft and Services Trade Union Federation, who attended the meeting, said keeping in view the country’s unstable labour sector, the decision would hit the garment sector the hardest and not the government or the military. People would go deeper into poverty, Naw Aung was quoted as saying.

Another attendee U Khin Maung Aye, managing director of Lat War garment factory, said the proposed EU decision is being opposed because it has no connection with the country’s political situation.

According to the International Labour Organisation (ILO) and Myanmar Garment Manufacturers Association, the textile and garment industry in the country employs nearly 700,000 people – 90 per cent women –and generates $2.7 billion in foreign exchange. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Global Fashion Agenda

Apparel/Garments | On 23rd Jan 2019

Global Fashion Agenda releases CEO Agenda 2019

Highlighting the urgency of combating climate change, non-profit...

USTR aims for more balanced trade in US-EU trade talks

Textiles | On 23rd Jan 2019

USTR aims for more balanced trade in US-EU trade talks

In negotiations for a trade agreement with the European Union (EU),...

Courtesy: Ayotunde Oguntoyinbo/SMART

Textiles | On 23rd Jan 2019

EU lacks sufficiently stringent regulations: SMART

Despite the European Union (EU) having a wide range of...

Interviews View All

Nuno Venda, ROQ

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Karan Suratwala, Key Textile Accessories Private Limited

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Vasanth Kumar, Max Fashion India

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Siddhachakra Weaving (Badiya Fashion),

Siddhachakra Weaving (Badiya Fashion)

Ahmedabad-based Siddhachakra Weaving Pvt Ltd was established in 2011 under ...

Nitesh Mittal,

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Suresh P Bagrecha,

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

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

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Ashok Desai, Bombay Textile Research Association

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

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

Silvia Venturini Fendi, Fendi s.r.l

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

Leave your Comments


January 2019

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

news category


Related Categories:

Advanced Search