Industry bodies from Taiwan and Myanmar recently signed two memoranda of understanding (MoUs) on garments and textiles and food processing at the Taiwan-Myanmar Industrial Collaboration Summit in Yangon boost bilateral economic ties. Till June 30 this year, investment totalling $42.2 million from 17 Taiwanese firms was approved by Myanmar.
Technology transfer from Taiwanese firms is the priority as Myanmar plans to expand its manufacturing capacity in export-oriented sectors like garments and textiles, A Myanmerese English-language newspaper quoted Myo Thet, vice president of the Union of Myanmar Federation of Commerce and Industry (UMFCCI), as saying. (DS)
Fibre2Fashion News Desk – India
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