Apparel factories in Myanmar may close and around 400,000 workers turn jobless if the European Union (EU) removes Myanmar’s trade benefits under the generalised system of preferences (GSP), business and labour leaders in the country recently cautioned. The concern is apparently more about the long-term impact of the proposed decision rather than the immediate fallout. The EU accounted for $1.8 bn, i.e., 72 per cent, of Myanmar’s garment exports last year.