Japan'S Momentum In Investing In Burma'S Apparel Industry
The executive manager of Japan's Foreign Trade Organization in Yangon said that due to difficulties in recruiting workers, factories in southern China began to transfer to Bangladesh, Kampuchea, Laos and Burma.
In addition, the garment industry in China is also facing difficulties in increasing wages of workers, increasing the cost of clothing materials and raising the living standard of Chinese residents in accordance with the existing labor law of China. This led to an increase in orders for Burma's clothing industry. According to Japanese customs statistics, Burma's clothing exports to Japan in 2008 were worth 133 million. dollar In 2009, the growth rate of US $149 million was 12%. Last year, 38% of Burma's export garments were exported to the Japanese market, and Japan was the largest exporter of Burma's clothing.
Labor wages in Burma are lower than those in other neighboring countries. Foreign businessman A factor of investment, but other basic conditions impede foreign investment. There are 120 garment factories in Burma. Only 20 manufacturers export clothing to Japan, while only 4 actually invest in Japan.
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