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Taiwan, Myanmar industry bodies sign textile support MoU

31
Jul '18
Industry bodies from Taiwan and Myanmar recently signed two memoranda of understanding (MoUs) on garments and textiles and food processing at the Taiwan-Myanmar Industrial Collaboration Summit in Yangon boost bilateral economic ties. Till June 30 this year, investment totalling $42.2 million from 17 Taiwanese firms was approved by Myanmar.

Technology transfer from Taiwanese firms is the priority as Myanmar plans to expand its manufacturing capacity in export-oriented sectors like garments and textiles, A Myanmerese English-language newspaper quoted Myo Thet, vice president of the Union of Myanmar Federation of Commerce and Industry (UMFCCI), as saying. (DS)

Fibre2Fashion News Desk – India


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