Tag: Garment

Myanmar garments factories closed down after major orders from EU market canceled

More garment factories in Myanmar stopped operations as European Union countries, a major export market, cancelled orders last week amid the spread of the COVID-19 pandemic. The EU market accounts for 70 percent of the country’s garment export.The bad news of cancellations came shortly after the supply of raw materials from China started to flow…

H&M consider leaving Cambodia due to EU trade sanctions

Mr. David Savman, head of production at H&M, said the company would do less business in Cambodia if the current EU trade benefits ended and named China and Indonesia as alternative sourcing countries. Mr. Savman was attending the Textile and Apparel SEA Summit in Phnom Penh last week when quoted by Reuters for saying that…