Governmental and international trading policies, sourcing practices and trends, supply chain innovation and industry strategy will all feature at this year's Myanmar Textile Summit.

Taking place from 12-13 November in the capital Yangon, the second Mynamar Textile Summit 2018 aims to provide attendees with a comprehensive picture of the business environment in Myanmar and inform them on the latest developments in the country's textile and apparel market.

According to an overview of Myanmar on re:source by just-style, a new online strategic planning tool, the country's garment exports tripled from US$0.9bn in 2012 to US$2.7bn in 2017, representing exponential growth of around 25% per year. While there is a need for more training resources to help bridge the industry's skills gap, the introduction of a Code of Conduct for MGMA member companies and the country's first minimum wage are helping position it as a safe and ethical supplier.

"With the continuous development of the textile industry in Myanmar, the industry is becoming one of the key investment areas for foreign investment, and it is expected that there will be a large influx of foreign capital in the next few years," the two bodies say.

As such, the summit will focus on the latest governmental policies and international trading policies related to Myanmar's textile and apparel industry, sourcing practices and trends of international apparel brands, the development situation of the sector, and the main challenges faced by FDI companies or local manufacturers.

Some highlights of the show include: New features of sourcing in Myanmar compared to other countries in Southeast Asia; innovation and practice in creating a digital supply chain based on Myanmar local conditions; and how to efficiently examine a supplier's qualification and choose the optimal partner.

The summit will also feature two days of seminars. Potential speakers include representatives from Li & Fung, the Myanmar Ministry of Commerce, the International Labour Organization (ILO), Lindex, Hennes & Mauritz (H&M), Marks & Spencer, and Adidas.

Topics will range from what global brands are asking of suppliers in terms of sustainability priorities and targets, how to help retailers and brands improve speed-to-market, key legal and regulatory considerations, and the effects of global trade wars on production and sourcing in Myanmar.