Faced With Tremendous Pressure, Thailand Garment Enterprises Are Optimistic About Burma Market.

The rise in wages, the shortage of labour resources, and the strong competition from neighboring countries to Thailand clothing Industry has had a great impact. Exports in the first quarter of 2012 fell by 6.9% to $749 million 800 thousand, mainly from declining demand in the US and Europe.

In addition, the Thailand government introduced the minimum wage in April 1st, raising the original minimum wage of 215 baht to 300 baht. The rise in wages has put a lot of pressure on Thailand's garment enterprises, and this year's economic downturn in the US and Europe has exacerbated them.

Thailand garment enterprises are facing great pressure.

Many garment companies have chosen to move to places like Kampuchea, Laos and Vietnam to offset higher and higher costs, while southern China is also the best choice for many enterprises.

The practice of raising the minimum wage by the government of Thailand has aroused the dissatisfaction of garment enterprises to a large extent, and has also caused inflation in Thailand to some extent.

Burma has clearly become the best destination for these garment enterprises. On the one hand, Burma's political and economic conditions are good, and Burma's abundant labor force is one of the biggest advantages because of its low development level. Thailand garment enterprises unanimously optimistic about this market, ready to substantially increase investment in the Burma market.