Transforming Burma into a competitive sourcing hub
Burma, the poorest country in South East Asia, is seen as having untapped garment production and sourcing opportunities thanks to its low labour costs, large workforce and beneficial access to rich consumer markets. But it also faces considerable challenges if it is to become competitive.
Burma, the poorest country in South East Asia, is seen as having untapped garment production and sourcing opportunities thanks to its low labour costs, large workforce and beneficial access to rich consumer markets. But it also faces considerable challenges if it is to become competitive. Jozef De Coster reports.
Burma's garment industry has huge potential to contribute to national economic growth, both as a foreign exchange earner and a massive job provider. However, in order to achieve its full potential, the sector needs to overcome a range of obstacles, outlined here by Jozef De Coster.
The first ever International Textile & Garment Industry Exhibition, which took place in Burma (Myanmar) this week, mirrored the sense of optimism gripping the country's clothing sector.
The trade group representing the foreign trade interests of European retailers, importers and brand companies is urging the European Parliament to open European markets to Burmese products "without delay".
The US has lifted a decade-long ban on most imports from Burma (also known as Myanmar), in a move that is likely to boost the country's garment industry.
The US ban on imports from Burma is preventing job growth in the garment industry, rather than harming the interests of the corrupt elite it targets, according to a report by the International Crisis Group.
- Will new Vietnam wage hinder competitiveness?
- Digitisation to drive new apparel-making models
- Fashion fit for the future – strategies for speed
- Under Armour Lighthouse will disrupt production
- How TAL Apparel is staying ahead of the game
- MAS Holdings shares commitment to sustainability
- Gap to shutter all UK Banana Republic stores
- M&S "unappealing" clothing a barrier to growth
- Modern Slavery Act boosts supply chain engagement
- Bangladesh tops China as lead cotton importer
- Africa-Med strategic sourcing review – comparing East Africa, North Africa and Turkey
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Apparel (GLOBAL) - Industry Report
- Global Sports and Fitness Wear Market 2016-2020