[eBook]Whither Myanmar’s Garment Sector?
The EU has threatened to suspend Generalized Scheme of Preferences (GSP) status for Myanmar, under which the country’s exports can enter Europe without any tariffs or quotas. The official reason cited by the EU is a growing concern over human rights violations and issues around labour rights in Myanmar.
If this threat were to be carried out, the business sector that will be most affected is Myanmar’s burgeoning garment sector, which employs around 700,000 people, most of whom are women.
The principal worry in Myanmar is that if EU buyers and brands have to start paying tariffs to import Myanmar-made garments, then they will opt to shift their sourcing to other countries. Without GSP, Myanmar’s garment exports may no longer be price competitive.
As one of the few manufacturing sectors in Myanmar to employ semi-skilled women, many of whom migrated from poor rural areas, the garment sector has come to play an important socioeconomic role in the country.
Whether or not the EU decides to withdraw GSP status, Myanmar’s garment sector faces a number of challenges. How Myanmar’s policymakers and garment industry leaders respond to global industry trends will be just as important, in the long run, in determining the sector’s commercial sustainability.
Number of Pages: 26
Publication Date: 14/03/2019
Imprint: ISEAS-Yusof Ishak Institute
Refer to this link for list of supported app: Click here!
This is an ebook that is fulfilled via Access Code. The Access Code for redemption will be emailed within 2 working days after payment verification
We Also Recommend
[eBook]In Sickness and In Health: Diagnosing Indonesia
Sale price SGD 2900 SGD 29.00
Save SGD 2.03
[eBook]The Dragon’s Underbelly: Dynamics and Dilemmas in Vietnam’s Economy and Politics
Regular price SGD 3200 SGD 32.00
[eBook]Pro-poor Development Policies: Lessons from the Philippines and East Asia
Sale price SGD 2400 SGD 24.00
Save SGD 1.68