A Garment Factory in Myanmar (Photo/EMG)
Myanmar’s garment exports made
record earnings in the first quarter of this year, according to official
data from Myanmar Garment Manufacturers Association (MGMA).
The exports have made over $300 million
in the period from January to March, almost a double from the same
period last year, according to the data.
"Generally most orders came during the
first three months of a year averagely. This year we [manufacturers]
have earned more than previous years. Our factory earned nearly US$
200,000 a month these last few months. We got only around US$30,000 a
month last year," said Dr. Khin Maung Aye, managing director of Letwyar
Factory in Yangon's Hlaing Tharyar Industrial Zone.
The garment orders used to go down
between April and June, according to industry sources. Japan and South
Korea have made most orders from garment factories in the country. The
US and European countries are also increasing garment orders after
Myanmar was allowed into a trade preferences scheme by the European
Union. by ; eleven media
0 comments:
Post a Comment