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Myanmar trying to establish itself as a leading textile manufacturing hub

Related Keywords: boost economic growth, drawn manufacturers attention, establish as leading manufacturing hub, export earning, low cost production, Myanmar to expand textile industry, new national export strategy

With the change in the political scenario, Myanmar is trying to establish itself as a leading manufacturing hub. The ongoing quest for low cost production has drawn manufacturers' attention to the clothing industry in Myanmar.

Myanmar will expand its textile and garment industry under the country's new national export strategy as a means to boost economic growth, with the sector's export earning targeted at $2 billion for the 2015-16 fiscal year.

Pakistan value added sector against additional duty on import of cotton yarn

Related Keywords: additional import duty, export earning, government proposal, having integrated units, import duty on cotton yarn, increase cost of doiing business, Pakistan Apparel Forum, Pakistan value added textile sector, Spinners

Pakistan already has 5 percent import duty on import of cotton yarn with the government’s proposal of additional import duty the value added textile sector will be unable to import cotton yarn from India, as it will greatly increase their cost of doing business.

Textile value added sector flayed government’s proposal imposing additional duty on import of cotton yarn from India.

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