Muse border generates US$3 bn in trade with China

YANGON – Myanmar’s trade with China through the Muse border trading camp was valued at approximately US$3 billion this fiscal year, according to the Directorate of Commerce and Consumers’ Affairs. This number marks a spike of over $656 million in trade since last fiscal year. Myanmar exports to China were valued at over $2 billion […]

Myanmar mangoes set to crack Korean market

Toe Aung Myint, director general of the department of trade promotion, told Myanmar Eleven that exports of mango, dragon fruit, mangosteen, and pomelo to Korea would start in a few months. “We plan to produce more mango, dragon fruit, mangosteen, and pomelo, and have increased plantation areas for these four fruits,” he said on the […]

Myanmar, Sri Lanka Seek Deeper Ties

Myanmar and Sri Lanka are seeking cooperation in economic development between the two countries. The meeting on bilateral economic potential was held in Nay Pyi Taw last week, attended by Myanmar Minister of Commerce U Win Myint and Sri Lankan Deputy Minister for Industry and Commerce Lakshman Wasantha Perera. Win Myint called for bilateral cooperation […]

Trade volume hit US$21 bn one month ahead of budget closing

Latest release of the Ministry of Commerce shows that the total trade volume of Myanmar has reached over US$21.33 billion as at February 7. The figure indicates that Myanmar needs to strive for another US$3.7 billion trade in the remaining one and a half months to meet its target of US$25 billion by the budget […]

EWEC will boost business, tourism opportunities—ASEAN analyst

Consult-Myanmar welcome you to the 27th SEA Games Myanmar, 11-22 Dec 2013 Construction of the East West Economic Corridor (EWEC) connecting Mawlamyaine and Da Nang across four ASEAN countries will be completed soon, creating a tourism boom throughout the region, an ASEAN business analyst said at a workshop on competitiveness in the ASEAN Economic Corridor. […]

Timber smugglers export US$ 17 mln worth of timber to China

Timber smugglers used illegal routes to export more than US$ 17 million worth of timber to China, Myanmar’s ministry of commerce revealed recently quoting official data released by the Chinese government. Official amounts of exported timber was just over US$ 30,000, but import data released officially by China’s Ruili and Wonton showed US$ 17.5 million […]

Myanmar earns over US$ 840 million from agricultural export

Myanmar has earned over US$ 840 million from beans and pulses export, according to the Ministry of Commerce. Myanmar exported over 1.39 million tonnes of agricultural products worth over US$ 845.3 million from April 1 to August 23 in 2013-2014 fiscal year. Over 42 million tonnes of agricultural products were exported and Myanmar earned over […]