Myanmar’s “Seven Days” reported on May 19 that according to U Min Leng, chairman of the Myanmar Garment Association, as restrictions related to the prevention and control of the new crown epidemic have been lifted, EU countries have begun to contact clothing Regarding the order, it is expected that the order will be received in June. It is an excellent prospect for Myanmar’s garment industry, which has been through the epidemic for more than two months, and it is also good news for the 600,000 garment workers.
Affected by the epidemic, Myanmar garment factories have encountered difficulties such as layoffs, salary cuts, and production suspensions. The EU market accounts for 65% of Myanmar’s garment processing, that is, 65 out of 100 pieces of garments enter the EU market. In recent years, EU orders have increased year by year, with an annual growth rate of 30%. Exports in the first six months of the 2019/20 fiscal year were US$2.3 billion, an increase of more than US$200 million over the same period last year.
