Industry bodies from Taiwan and Myanmar recently signed two memorandum of understanding (MoUs) on garments and textiles and food processing at the Taiwan-Myanmar Industrial Collaboration Summit in Yangon boost bilateral economic ties. Till June 30 this year, investment totaling $42.2 mn from 17 Taiwanese firms was approved by Myanmar.
Technology transfer from Taiwanese firms is the priority as Myanmar plans to expand its manufacturing capacity in export-oriented sectors like garments and textiles; report quoted MyoThet, Vice President of the Union of Myanmar Federation of Commerce and Industry (UMFCCI), as saying.
