A group of Hong Kong clothing manufacturers have signed a deal to set up their first industrial park in Yangon, which they expect will reduce production costs by at least 50%. Workers at the 200-ha facility in the former capital of Myanmar will be paid about a fifth of those employed in mainland factories.
Liberal Party lawmaker Felix Chung Kwok-pan (right), representing Hong Kong’s textile and clothing sector, made the deal on behalf of 12 manufacturers, which have not been named, to rent half of the 400-ha Thilawa Special Economic Zone, co-built by Myanmar and Japan.
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