NO US RUSH TO MYANMAR SIX MONTHS AFTER SANCTIONS END
April 1st, 2017
AMERICA may have scrapped its major sanctions against emerging outsourcing centre Myanmar, and brought back the southeast Asian country’s GSP (Generalised System of Preferences) access to USA markets, but the impact on the clothing trade has so far been underwhelming.
Apparel factory owners in Myanmar say American buyers have simply not materialised in the numbers that some expected. “We welcome European and Japan buyers into my factory nearly every day,” said one garment businesswoman, who requested anonymity. “In fact, we are close to exporting as much ...
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