"More woes for Myanmar garment industry as EU cancels orders", 29 March 2020

More garment factories stopped operations in Myanmar as European Union countries, a major export market, cancelled orders...amid the spread of the COVID-19 pandemic, a senior industry leader said.

U Myint Soe, chair of Myanmar Garment Manufacturers Association (MGMA), said the EU market accounts for 70 percent of the country's garment export.

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...[G]arment companies that suffered cancellations of orders...no longer has problems with the supply of raw materials but left with huge inventory due to cancelled purchase orders.

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Before the cancellation of orders from the EU, at least 20 out of the 500 factories in Myanmar have shut down due to the pandemic, leaving more than 10,000 workers unemployed, industry sources said.

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U Myint Soe said besides the EU, the US market has also started cancelling its orders.

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