GSP for Myanmar garment industry

SUNDAY, DECEMBER 30, 2012
GSP for Myanmar garment industry

The garment industry in Myanmar will benefit from the generalised system of preferences (GSP) of the European Union starting from 2013, according to the Myanmar Garment Association.

 

The tax advantages gained from GSP are attracting more investments from South Korea, Japan and Thailand.
“Investors from South Korea are coming to see us daily to scout investment opportunities. There are also Japanese and Thai investors visiting us. Those potential investors are interested in tax advantages from GSP,” Khine Khine Nwe, secretary of the garment association, said.