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First-ever int’l textile, garment industry exhibition kicks off in Yangon

8 years ago | Posted in: Business | 445 Views

YANGON, Dec.14 (Xinhua) — The first-ever int’l textile, garment industry exhibition on Friday kicked off at Tatmadaw Hall in Yangon, attracting over 100 exhibitors from 17 countries to participate in.iming to help clinch deals between domestic and foreign enterprises.

The four-day fair, aiming to help clinch deals between domestic and overseas enterprises, was jointly organized by Myanmar Garment Manufacturers Association (MGMA) and Yorkers Trade and Marketing Services Co.,Ltd, Hong Kong.

Over 100 exhibitors from 17 different countries and regions including China, China’s Hong Kong, Germany, India, Indonesia, Japan, South Korea, Singapore and Switzerland will display a wide variety of state-of-art textiles and garments technologies, machinery and parts.

There are over 100 garment factories running in the country of which more than 30 are foreign-invested ones, according to an official of MGMA.

Myanmar’s garment export amounted to 354.8 million U.S.dollars in the first eight months of 2012, up 13 percent compared with the same period of the previous year, according to the Central Statistical Organization.

The largest foreign investors in Myanmar’s garment industry are Japan, China’s Hong Kong, South Korea and Germany.

Myanmar started to export garments in 1960 and the export was extended to Japan, Germany, South Korea and European countries in 2007.

Myanmar garments have also obtained markets in Brazil, Argentina, South Africa and Turkey.

On account of U.S.’s lifting of import ban on Myanmar goods, the country’s garment export is believed to be further extended to the U.S. and Europe.

ref: http://news.xinhuanet.com

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