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The 9th Myanmar Int’l Textile & Garment Industry Exhibition-kohan-journal-min

The 9th Myanmar Int’l Textile & Garment Industry Exhibition

The most well-known expo of textile & garment industries in Myanmar will return from 6-9, Nov., 2020. Save your time and find out the most effective and sustainable machinery in Yangon Convention Center(YCC).

About Myanmar Int’l Textile & Garment Industry Exhibition

Exhibition Dates : November 6 (Fri.) – 9 (Mon.), 2020

Show Times: 10:00 AM ~ 17:30 PM (Last day will close at 16:00 PM)

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* Children under 16 are not admitted entry.

Venue : Yangon Convention Centre

Organizer : Yorkers Trade & Marketing Service Co., Ltd

 

Co-organizer:

Myanmar Garment Manufacturers Association (MGMA)

Myanmar Textile Manufacturers’ Association (MTMA)

 

Official Supporters:

Myanmar Trade Promotion Organization (MyanTrade)

Republic of the Union of Myanmar Federation of Chambers of Commerce & Industry (U.M.F.C.C.I.)

 

Why Exhibit in Myanmar?

The Largest Specialized Exhibition

More than 9,000 visitors participated in MTG 2019 and is a great opportunity for exhibitors to reach a large proportion of the Textile & Garment Market in Myanmar.

High Potential Market

The Textile & Garment Industry in Myanmar is set to offer a huge growth potential over the next five years driven by exponential rise in the Regional Comprehensive Economic Partnership (RCEP).

The deal aims to cover goods and services, investments, economic and technical cooperation, competition and intellectual property and is to play a great contribution to Myanmar’s Textile & Garment Industry.

The 9th Myanmar Int’l Textile & Garment Industry Exhibition-kohan-journal-min

The Only Authoritative Exhibition

MTG is not only co-organized with Myanmar Garment Manufacturers Association (MGMA) and Myanmar Textile Manufacturers’ Association (MTMA) , but also supported by Myanmar Trade Promotion Organization (MyanTrade) and Republic of the Union of Myanmar Federation of Chambers of Commerce & Industry (U.M.F.C.C.I.).

Why Exhibit in MTG?

MTG – The Only International Textile & Garment Exhibition in Myanmar.
MTG – The Trendsetter in Textile & Garment in ASEAN.
MTG – Total Solution for Textile & Garment Supply Chain.

The 9th Myanmar Int’l Textile & Garment Industry Exhibition-kohan-journal-min

Investor interest in Myanmar garment sector still strong despite lower exports

Foreign investor interest in the garment manufacturing sector is still strong despite a fall in the volume of garment exports in fiscal 2019-20, according to the government.

Of the 178 foreign enterprises endorsed by the Myanmar Investment Commission (MIC) and permitted to invest in Myanmar between October 1 and May 31, more than three quarters channeled capital into the manufacturing sector, according to the Directorate of Investment and Company Administration (DICA). The data showed that the new investors include garment manufacturers.

The MIC will prioritise investments in garment manufacturing going forward as these are labour intensive industries likely to create a large number of jobs, Director General of DICA U Thant Sin Lwin told state media. Manufacturers that are able to produce face masks and other personal protective equipment related to COVID-19 will also be given priority.

Enquiries from investors are still flowing in even though garment exports fell to just US$2.7 billion between October 1, 2019 and May 31, representing a $24 million decline from the same period a year before due to order cancellations from the EU as a result of COVID-19, according to U Khin Maung Lwin, assistant secretary of the Ministry of Commerce.

The 9th Myanmar Int’l Textile & Garment Industry Exhibition-kohan-journal-min

This has also led to a rising number of disputes between employers and their employees as factories are forced to lay off or close. The industry hires up to 700,000 predominantly female workers across 600 factories, according to data provided by the EU.

Disruptions to the Myanmar garment sector first started in February, when raw material imports from China became sporadic as a result of COVID-19 closures and lockdowns. Things got worse after the coronavirus was declared a global pandemic by the World Health Organisation on March 11, with order delays and cancellations from major export countries like the EU becoming more frequent.

“The garment sector has been facing problems since COVID-19 broke out. We have yet to receive any major new orders from the EU,” U Khin Maung Lwin said. Around 70 percent of garment products made in Myanmar are exported to the EU as well as Japan, Korea, Canada and the US.

Buoyed by financial aid from the government and the EU though, the industry is now showing signs of recovery. “We are hearing news of orders that were previously cancelled being revived again. There is also some export revenue coming from the Myanmar-Thai border, where garment businesses in Myawaddy have exported around $71 million worth of products to Thailand,” U Khin Maung Lwin said.

The EU in April launched a €5 million (K7.9 billion) Myan Ku emergency cash fund to support garment workers who have lost their jobs as a result of COVID-19. Since then, it has already disbursed over K1 billion from the fund to 12,913 garment workers, including more than 11,000 female garment workers in Yangon, Pathein, Bago, Mandalay and Magwe.

The government, through its COVID-19 Economic Response Plan has also set aside up to $500 billion in loan funds for troubled industries, including garment manufacturing.

The garment manufacturing sector generated $5 billion worth in export revenues in fiscal 2018-19, according to the Ministry of Commerce.

 

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