Why can’t Myanmar freshwater prawns be exported aboard?

IN years past, large Myanmar freshwater prawns were exported aboard, but the current states of affairs see these prawns solely traded within the country. It is partly to do with a lower price offered by foreign countries, paying just K16,000 per viss (1.6kg) of large freshwater prawns, compared with the domestic market whereby the same […]

Myanmar set to export garments of US$1.14b to EU

THE Myanmar Garment Manufacturers Association (MGMA) and French NGO Evalliance have entered into an agreement to boost textile exports in the 2016-2017 fiscal year. Evalliance’s president Mr Jean Francois Limantour said he expects that the European Union would double its imports of garments from the country in 2017. Their action plan includes the creation of […]

Myanmar apparel exports may double by 2020

Myanmar’s apparel exports are expected to more than double to $4 billion by 2020 owing to the favourable government policies and low labour costs in the country, according to industry insiders. One of the reasons for this is the high wages and relatively higher cost of production in countries like Vietnam, India, China, and South […]

Dry port discussions under way on China border

The Shan State government has approved the project, and has asked First Golden Dragon Company to secure consent from landowners, said Muse district administrator U Kyaw Kyaw Htun. The company hopes to build a 210-acre dry port including a highway bus station, space for trucks to load and unload, cold storage and new warehouses, he […]

Myanmar to export 200,000 tonnes of rice to EU

Myanmar expects to earn US$1 billion on exports of 200,000 tonnes of rice to European Union countries during the 2015-16 fiscal year, according to Ye Min Aubg, the secretary of the Myanmar Rice and Paddy Federation. “We want to earn US$1 billion because at this moment we are getting between $6 million and to $7 […]

Mifan not Htamin: Rice Bags Must be Printed in Chinese

Legal exports of rice to China must include rice bags printed in Chinese language, according to an official from the Myanmar Rice Federation (MRF). The export of rice occurs mainly through the Muse border, where legal exports have recently started, but most rice passes through unsanctioned and illegal trade routes. According to the an agreement […]

Jade exports to China generating millionaires and concerns in Myanmar

MANDALAY, Myanmar — Surging exports of jade to China have produced a number of millionaires in Myanmar and provoked concerns about the neighboring country’s overwhelming influence on the economy. Mandalay, the nation’s jade trade center, swarms with Chinese traders looking for good offerings of the green gemstone. Robust demand for jade in China has been […]

Trade deficit to rise but inflation the concern

The trade deficit will reach K4 trillion (US$3.9 billion) by the end of next financial year, says Minister for National Planning and Economic Development U Kan Zaw. Inflation is also pegged to average 6.83 percent in 2015-16 compared year-on-year, though could rise as high as 8.11pc by March 2016, he added. U Kan Zaw revealed […]

Govt to continue fight against illegal timber

The government is planning further crackdowns on the illegal timber trade in northern Myanmar, a senior government official says, and also plans to reduce legal logging in the coming years. In April 2014, the government banned exports of raw timber to encourage job creation, maximise the value of forestry resources and help to conserve Myanmar’s […]

Roads slow Thailand trade

Thailand officials expect to boost bilateral trade with Myanmar by 20 percent in the coming year as progress is made on logistics and trade promotion, according to government officials. Trade between the two countries takes advantage of the 2400 kilometre shared border, generating US$8 billion worth of trade last year, said Thai deputy minister of […]