The European Union is currently reviewing the state of human and labor rights in Myanmar, a move that could lead to the withdrawal of trade privileges granted to the country.

The EU's "Everything But Arms" (EBA) initiative eliminates tariffs and quotas for imports of various goods from 47 of the world's least developed countries, including Myanmar. However, the EU has said it will closely monitor the situation in Myanmar and could withdraw the trade privileges if the human rights and labor rights situation does not improve.

The move comes after major European brands, such as H&M and Inditex, announced they would halt sourcing from Myanmar due to concerns about the country's human rights record. 

The military junta that took power in Myanmar in February 2021 has been accused of widespread human rights abuses, including the killing of civilians and the arbitrary detention of political opponents.

The EU's decision to review Myanmar's trade privileges is a significant step and could have a major impact on the country's economy. The garment industry is a major employer in Myanmar, and the withdrawal of trade privileges could lead to job losses and economic hardship.

The EU has said that it is committed to supporting Myanmar's transition to democracy, but it has also made clear that it will not tolerate human rights abuses. The review of Myanmar's trade privileges is a way for the EU to send a message to the military junta that it must respect human rights if it wants to continue to benefit from trade with the bloc.