Thai textile body upbeat about prospects in Myanmar | Bangkok Post: business

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Myanmar textile exports 'set to surge'

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  • Online news: News
  • Writer: Saritdet Marukatat
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Myanmar is on course for a big jump in textile exports to Europe following the return of trade privileges by the European Union (EU), according to the Thailand Textile Institute. 

Myanmar women work at a garment factory in Yangon. The country's reinstatement to the EU's Generalised System of Preferences is expected to significantly boost its textile exports. (AP file photo)

The lifting of the ban on Myanmar under the EU's Generalised System of Preferences (GSP) would rapidly drive up Myanmar's exports of textiles, it said. The institute did not predict the size of the increaee, but said it would be significant.

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