Myanmar: garment exports to reach 1.855 billion US dollars

For the fiscal year 2016-17, which ends in March, Myanmar's garment exports are expected to reach 1.855 billion US dollars according to the country's ministry of commerce. This is an increase by more than 85 percent compared to last year (FY 2015-16) when apparel exports jumped to 1 billion US dollars, achieving an impressive increase of 145 percent compared to fiscal year 14-15. At this rate, Myanmar seems well on its way of achieving its target of 4 billion US dollars by 2020.