2013 Burma International Textile Surface Accessories Yarn And Garment Machinery Exhibition

< p > exhibition venue: Yangon International Convention and Exhibition Center < /p >

< p > exhibition time: 8-11 November 2013, < /p >.

< p > organizer: Burma Federation of industry and Commerce (U.M.F.C.C.I.) < /p >

< p > co organizer: Ministry of Commerce of Burma, Burma Garment Association (MGMA) < /p >

< p > exhibition scope: < /p >

< p > textiles: synthetic fiber fabrics (woven / knitted), natural fiber fabrics (woven / knitted), yarn and fiber, fancy finishing, home textiles, quilts, blankets, accessories, linen fabrics on the bed; fiber, monofilament and raw materials; ribbons, buttons, needlework, embroidery, artificial diamond accessories, ribbons, badges, rubber edges, buttons, zippers, etc. < /p >

< p > textile machinery: all kinds of textile machinery, dyeing machinery, sizing machinery, bleaching and dyeing machinery, chemical fiber machinery, dyeing and finishing machinery, non-woven production machinery.

All kinds of garment machinery and equipment, sewing machine, sewing machine needle, sewing machine motor, knitting machine, button machine, phoenix eye machine, hosiery machine, computer knitting machine, cloth inspecting machine, needle checking machine, strapping machine, cloth puller, cloth cloth table, ironing equipment, zipper making machine, computer color matching system, computer aided design, inspection and quality control equipment, packaging equipment, safety equipment, etc.

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< p > 8-11 November 2013, Burma international textile exhibition will provide a direct and efficient platform for enterprises intending to invest in Burma market, and is also one of the best channels to occupy Burma business opportunities first.

It's a great opportunity for businesses to invest in.

Please register with the exhibitors as soon as possible! < /p >

< p > > a href= "http://www.91se91.com/news/index_p.asp" > Burma < /a > the basic situation of the state and textile industry < /p >

< p > according to the data from the International Monetary Fund (IMF), Burma has a population of about 62 million 420 thousand in 2011, GDP in 2011 and $804 per capita in GDP, compared with 197 US dollars in 2003 when the United States began sanctions against Burma, ranking in the 184 countries of the world, rising from 154 to 154 at the end of the list.

The country is a Buddhist country with simple folk customs and good social security.

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< p > > Burma a href= "http://www.91se91.com/news/index_c.asp" > textile industry < /a > has been developing for more than 200 years. In 1988, the market economy was implemented, attracting foreign investment and opening to foreign suppliers for processing.

Enterprises are mainly owned by sole proprietorship, joint ventures and private enterprises, and the ratio of foreign investment to local factories is 1:50.

The local factory mainly produces cloth, including shuttle weaving and military uniform. The joint venture port is mainly exported, and it also develops the local market to earn Burma (Kyat) to pay the local workers.

In recent years, China's investment has increased continuously, totaling more than 14 billion US dollars.

According to ITMF statistics, in 2010, Burma had 250 thousand ring spinning equipment, 1600 air spinning spindles, 5000 sets of spun cloth machines, low productivity, and 60% textile products still needed to import.

Under the ASEAN agreement, textiles imported from China, Korea, Japan and other countries can be reduced or exempted from customs duties.

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< p > Burma's import and export trade < /p >

< p > 1, the trade statistics of Burma are very incomplete. Based on the data of 139 Burma trade partners, the total import and export volume of all goods in 2010 is about 15 billion 451 million US dollars.

Imports are greater than exports. The main sources of supply are ASEAN and China, which account for more than 80% of total imports. Exports are mainly exported to ASEAN, India and China, and the total share of the three accounts for 82.8%.

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< p > 2, the import and export trade of textiles and garments in Burma amounted to about 1 billion 313 million US dollars in 2010. It also imports more and has 749 million US dollars. The largest source is China, accounting for 437 million or 58.3%, followed by ASEAN and South Korea, and three of the total accounts for 85% of the total.

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< p > 3, Burma textile > a href= "http://www.91se91.com/news/index_c.asp" > clothing > /a > export. Before the US sanctions against Burma in 2003, the main market was the United States and the European Union. For example, in 2000, the United States and the European Union accounted for 54.1% and 34.6% respectively, that is to say, both accounted for nearly 90% of the total.

After the US sanctions, Japan and South Korea took the place.

In 2010, Japan ranked 32% in the export of Burmese garments, 31% in the European Union, 22% in Korea, and 85% in the three.

It is expected that the US will greatly increase its export to the US and EU after the US will relax and enjoy the import of Burmese products.

The EU has already lifted some sanctions against Burma. Burma will resume its export clothing to the United States in June this year.

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< p > favorable factors for investing in Burma: < /p >

< p > 1, Burma has low labor cost, abundant resources and high quality.

Labour wages and production costs in Burma are the lowest compared with other neighbouring countries that are also the garment production base.

The government of Burma has set up training schools for textile schools and pre vocational schools. Textile workers are abundant in supply, stable in quality and low in wages.

The director's remuneration ranges from $300 to $500, from $150 to $300, while technical workers range from $80 to $150.

According to the regulations, the factory must purchase labor insurance for the workers, but there is no rigid provision for accommodation.

In terms of middle management, there is plenty of supply and pre employment training for local college students.

And secondary school graduates generally understand English, easy to communicate.

Foreign investors can make use of the advantages of cheap labor in Burma to reduce production costs and enhance their international competitiveness.

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< p > 2, textile and clothing exports to Japan and South Korea will be granted duty-free concessions, the EU lifted sanctions against Burma.

Burma began to resume its export clothing to the United States.

Japan and South Korea have already given duty-free concessions to Burma's imported garments.

At present, the largest market for clothing exports in Burma is Japan, accounting for 34% of its exports, second and third of the EU and South Korea respectively.

In addition, the United States took the lead in expressing its readiness to relax some sanctions against Burma and allow us companies to invest in Burma or provide financial services.

In Europe, the European Union decided in April 23rd to suspend some non military sanctions against Burma. If conditions permit, the sanctions against Burma will be lifted as soon as possible.

According to MGEA of Burma Garment Manufacturers Association, some garment factories in Burma will start exporting to the United States from June this year. Several garment factories are preparing to export to this North American country in the following months.

Burma's exports of textile and garment products to Europe and the United States will rise sharply.

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< p > 3, tax and fee concessions.

Enterprises importing textile machinery can apply for imports through official channels, enjoy three reduction, two exemption, or even longer concessions.

The value of imported equipment exceeds the duty free portion, and the manufacturer must pay the balance.

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< p > 4, the government has formulated a series of regulations for the protection of foreign investment.

In November 1988, the government promulgated the "Federal Foreign Investment Law of the Burma", actively encouraging foreign investment in Burma, and formulating a way of tax relief and relaxation of foreign exchange management.

The investment law not only protects the rights and interests of foreign investors, but also dispel their doubts.

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In 2011, the democratic government of Burma was in power, implementing reform and opening up, and designing U Thein Sein as the new president. He once told Wu Zuodong: the Burma government hopes to help Burma develop its economy by attracting foreign investment, so as to solve the economic challenges faced by Burma, and hope to attract labor-intensive industries, such as textiles, clothing, footwear and electronics manufacturing, to invest in Burma. P

Major political reforms include anti corruption, currency exchange rate, foreign investment law and tax law.

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In order to comply with the situation, P also relaxed import restrictions and lifted export taxes.

Despite the current currency problem, Burma's 2012 economy still expects a 8.8% growth in dating.

After the completion of the Dawei deepwater port with a cost of $58 billion, Burma is expected to become an important trade hub linking the Southeast Asia and the South China Sea to the India ocean through the Andaman Sea, where goods from the Middle East, Europe and Africa can be picked up to accelerate the development of the ASEAN region.

What is most inspiring for investors is that the government announces that investors will enjoy 8 years' duty-free preference.

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