• Linkdin

Myanmar drafting national textile policy

16 Jan '20
1 min read
Pic: Shutterstock
Pic: Shutterstock

Myanmar is drafting a national textile policy for the development of domestic textile sector, according to the ministry of planning, finance and industry. The drafting process was initiated in January 2018 and the first stakeholder meeting was held in January last year involving relevant ministries, private organisations and textile businesses.

The policy is being drafted with the help of German government’s development organisation GIZ.

It will include action plans, road maps, laws, rules and procedures, infrastructural development, creation of a business environment that encourages local and foreign investment, manufacturing of value-added products, socio-economic development, technological acquirement, market competition, easy external trade and strengthened economic cooperation, according to a report in a Myanmarese newspaper.

Myanmar is also implementing a National Export Strategy (NES), under which there will be measures like transition of cut-make-pack (CMP) garment system into free on-board (FOB) system, adoption of bonded warehouse system and establishment of specialised textile and garment zone for boosting export.

Fibre2Fashion News Desk (DS)

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search