Burma Garment Industry: The US Lifted Its Economic Sanctions And Accelerated Its Industrial Development.

The United States lifted its economic sanctions against Burma to encourage and accelerate Burma's economic reform, especially for Burma. Ready-made clothes And the development of fisheries will be of considerable help.

The foreign investment law of Burma, which is looking forward to foreign capital, was approved by the Burma parliament in early 9 this year. However, because of the 49% ceiling of the most foreign-funded concern, it has not yet met the expectations of the outside world. It has been returned to the request by the president for a long time ago. Many Burma businessmen expect that the bill should be adjusted to the needs of foreign investment as quickly as possible so as to attract investment from outsiders quickly. At the same time, the extent of the lifting of the US economic sanctions will also affect the bill, so the estimate will be delayed for several months before it will be announced. However, despite the fact that the outsider investment law has not yet been finalized, the development of specific industries such as mineral, oil and natural gas in Burma has begun to cooperate with specific foreign investors and approved by the special bill first.

Us giants such as Coca-Cola and exotic companies have already begun to plan for Burma. Apple Corp has also chosen agents in Burma and started planning market marketing plans. Japan and Korea are also making garments. textile industry Apart from the layout, it is more active in the market of communication and consumer appliances. According to the distributor of household appliances in Burma, the market competition between Korean and Japanese enterprises is increasingly fierce. It is expected that a new wave of price war will be launched in Burma market next year.

In any case, the opening of Burma seems to be a one-way street. At present, consumers are beginning to enjoy the convenience life brought by technology. The most obvious change is in communication, though telephone is still in many families. Luxury goods Public telephone is also not common. Most people still rely on some private telephone lending services on the roadside to contact.

However, the mobile Internet service, which has not yet been popularized last year, has been developing rapidly this year. Although a group of door numbers still cost about $250, consumers are still in an endless stream. At present, the average monthly salary of the workers in Burma is about 120 dollars. The purchasing power of most people is still insufficient. However, the underground economy in Burma is quite active, and the number of workers working in several positions is quite common. In addition, Burma's overseas workers regularly repatriate their home foreign exchange, which all injects a lot of motivation for Burma's consumer market. The average salary level of the city's higher education level is also up to $more than 400.