Japan tire companies to buy raw rubber products from Myanmar

Japan tire companies are planning to import raw rubber from Myanmar, sources say.

Japan needs approximately 700,000 to 800,000 tons of rubber per year for its tire companies.

Technicians from Japan will provide technical aid to the Myanmar rubber industry to match Japan market standards. Japan has planned to buy the rubber once it matches the quality they require.

“Myanmar rubber needs to find ways to enter the Japanese market. We will provide technical assistance with help from theMyanmar Rubber Planters and Producers Association. When the rubber products meet the standard, they will be sent to the Japanese market,” said Yoshio Kanai, secretary-general of Japan’s Rubber Trade Association.

Representatives from the Myanmar Rubber Planters and Producers Association, the Japan Rubber Manufactures Association and the Rubber Trade Association from Japan on November 4 signed a MoU to produce and export rubber to Japan. Myanmar has mainly exported its raw rubber products to Malaysia, Vietnam, South Korea, China, Singapore, India, Pakistan, United Arab Emirates and Thailand.

Source: ELEVEN Myanmar

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Dagon City", “MOGE”, “yangon stock exchange”,"MECTEL", "hydropower", etc.

To learn about the business opportunities in Myanmar click here

To evaluate the various segments of the market that you could possibly enter base on your competencies you can do a Custom Market Entry Strategy Research. You can see a sample report at page "Actual Sample of Client Report”. Click here to go to page.

Do you know that IE Singapore is giving up to SGD 20,000 support for Singapore company to venture into Myanmar? To learn more click here