Impressive growth for Myanmar garment industry
04/12/2015
In 2012, apparel exports from Myanmar had a value of $900 million. By 2014, the figure had almost doubled, reaching $1.7 billion. Industry commentators have speculated that if the general election that took place in Myanmar in November leads to a peaceful transition to a new form of government, the garment industry there could experience even more impressive growth, thanks to lower labour costs than many other countries in the region and favourable access to important export markets.
Share this story:
