The Myanmar Garment Entrepreneurs Associat
Myint Soe, chair of the association, said: “I have submitted a plan to ensure the country gets MFN status when CMP produ
The US restored the generalised system of preference rights to Myanmar after lifting economic sanctions last year. But clothing is not included on the list of products which can enjoy the rights reinstated by the US.
The US will collect a 10-12 per cent tax on exports of cotton clothing and a 37-per-cent tax on nylon garme
Khaing Khaing Nwe, secretary of the association, said: “CMP export earnings are expected to reach up to US$2.2 billion
According to the commerce ministry, the
Thirty-three per cent of CMP exports go to Japan, 25 per cent to the EU, especially Germany, 25 per cent to South Korea, 2.4 per cent to the US and about 2.4 per cent to China.
Translated by Myo Than