EURATEX PREDICTS THAT MYANMAR’S NEW BOOM IN CLOTHING EXPORTS WILL COLLAPSE BECAUSE OF COUP
February 1st, 2021
The director general of the European Textile and Apparel Confederation,
Euratex, has warned that the military takeover in Myanmar could halt what has been a boom in clothing export sales to Europe, which grew 40% in 2020, year-on-year.
Dirk Vantyghem told just-style this has been achieved through a major increase in Chinese investment into the country’s clothing industry – its upstream textile segment remains small. As a result, at the time of the coup, Myanmar was Europe’s 10th largest source of apparel imports, with clothing having become one of the ...
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