MGMA's Deal With French NGO To Boost Garment Sector
French NGO Evalliance and Myanmar Garment Manufacturers Association (MGMA) have reached an agreement to implement an Action Plan for 2016-17 to boost the clothing sector of Myanmar's textile industry.
Ahead of the agreement, the two sides had signed a Memorandum of Understanding last year.
Jean-François Limantour, President of Evalliance, said, “The Myanmar garment sector has a huge potential for competitiveness as well as enormous possibilities to increase its exports to the European Union. No doubt that the democratic process in Myanmar paves the way for a successful, strong and friendly cooperation with the European textile-clothing industries and markets.”
Myanmar's garment exports will hugely enhanced once the Action Plan is set in motion. It aims to increase the the country's garment exports from 400 million euros in 2015 to one billion euros in 2017, create employment in the sector, lessen Myanmar's dependency on other countries for its textile needs and enhance profitability of factories, the NGO said in a press release.
According to the plan, Evalliance will also open a permanent office in Yangon considering the increasing cooperation between Myanmar and the EU in the textile and clothing sector, in order to represent the association's interests.
Evalliance is a not-for-profit association which builds partnerships between the countries of the European Union and those of the Indochinese peninsula, in textile, clothing, luxury goods, leather and footwear sectors. (SH)