The UK government has increased the national living wage to £11.44 (~$14.48) per hour, raised the VAT threshold to £90,000, and announced funding for 20,000 youth apprenticeships..
Approximately 12,375 farmers across 26 districts will receive free-of-cost incentives comprising hybrid cotton seeds, urea, DAP, MoP, and pesticides.
This is a significant.
The cabinet has approved the draft of the new law titled Import and Export Control Act 2024 .
The government will have the authority to regulate or prohibit import or export.
Global trade fell in most sectors in 2023, and apparel and textiles were among the sectors where the trade value dropped by over 10 per cent, a recent UNCTAD report said..
Myanmar will grow cotton in 612,712 acres across 19 cotton plantation zones in six states and regions during FY25, with the area rising to 747,000 acres by FY28.
The government.