Along the Belt and Road, the most promising new textile hot spot in Southeast Asia. In 2012, Myanmar’s clothing export value was only US$700 million. Under the influence of “The Belt and Road” Policy, it increased to US$1.2 billion in 2013 and US$1.3 billion in 2014. In 2015, the total garment exports reached US$1.9 billion. Myanmar's textile and apparel manufacturing industry currently contributes about 10% of the country’s total export volume, and the country’s market is also growing, with a total export target of US$12 billion by 2020. With the continuous development of the textile industry in Myanmar, the industry is becoming one of the key investment areas for foreign investment, and it is expected that there will be a large influx of foreign capital in the next few years.
This summit will focus on the latest Governmental policies and international trading policies on the Myanmar textile and apparel industry, sourcing practices and trends of international apparel brands, the development situation of the Myanmar textile and apparel industry chain, the main challenges faced by the FDI companies or local manufacturers. We're trying to show all attendees a true situation and the latest information of Myanmar textile and apparel market. It is also a good opportunity for some potential investors or international buyers to know more about Myanmar and get themselves better prepared for this new market.