The garment sector in Myanmar will struggle if the European Union (EU) revokes its GSP/ EBA privileges on Myanmar, say experts. According to EU EBA Monitoring Mission, the EU listed Myanmar as one of top ten countries in clothing imports. GSP/ EBA are a special privilege for member countries in which taxes are exempted for products that are exported to EU countries. The EU granted the GSP/ EBA privilege to Myanmar in June 2013. Tax exemption ranges from 8-15 percent depending on clothing types. An EU mission recently started its three-day visit to Myanmar to monitor human rights issues in the country and meet with ILO, labour unions, factory owners and civic organizations. Based on the findings, the mission will recommend whether the EU should withdraw the GSP/ EBA or not. Garment exports to the EU have seen growth since 2013 and the share of the EU in 2018 reached 55 percent of Myanmar’s total garment exports.
Upcoming Events
- No events
- all events
Highlights
Terminals, ports, logistics, liner operations disrupted
German containerline Hapag Lloyd has announced a decision to temporarily suspend cargo bookings into Myanmar …Facebook, Instagram ban military and related pages with immediate effect
In a February 24th update to its February 11th statement, Facebook through its Director of …Luxury Japanese real-estate complex called out for funding military
Despite distancing itself from other major Western states imposing sanctions on military-linked individuals and entities, …
Myanmar in the Media
- Southeast Asian defense chiefs talk regional security with US, China, othersSource: Voice of America East AsiaNovember 21, 202414 hours ago
- World’s conflict zones increased by two-thirds in past three years, report revealsSource: GuardianNovember 21, 202422 hours ago
- Myanmar photojournalist goes free after two years of imprisonment, tortureSource: Voice of America East AsiaNovember 21, 20241 day ago
- Fearful after arrest, Cambodian reporter who exposed scam centers quits mediaSource: Voice of America East AsiaNovember 20, 20242 days ago
Thura NewsViews
Myanmar’s most widely read newsletter on the country’s politics, economy and businesses brought to you by Thura Swiss