No turning back for Myanmar’s economy

The headlines on Myanmar in local and foreign media are often worrying – and not without reason. Myanmar’s army is embroiled in a border war, its peace process with 16 armed ethnic groups and alliances hangs in the balance, students are protesting against the education system and the recently freed media is discovering the limits […]

Myanmar launches export strategy to connect smaller firms to global economy

(Reuters) – Myanmar on Tuesday launched an export strategy aimed at strengthening smaller companies, which is a departure from 49 years of military rule when a few large firms dominated the economy, said the International Trade Centre (ITC). Myanmar’s economy was eviscerated by poor management and corruption under the former military government, and Western countries […]

Export boost from first strategy

Vice President U Nyan Tun rang in the official launch of the first national export strategy for the country yesterday in Nay Pyi Taw, which experts hope may prove to be a boost to trade abroad. The strategy, drafted primarily by the Ministry of Commerce with help from both the private and public sectors, will […]

Three-year project to promote tourism in Myanmar’s Kayah state

MYANMAR has kicked off a new US$1.9 million joint development programme to nurture the tourism potential of the eastern state of Kayah, funded by the Netherlands government. Launched late last month, the project is co-designed by the Netherlands Centre for the Promotion of Imports from developing countries and Geneva-based International Trade Centre (ITC), and will […]

Govt to launch Trade Development Council to energize exports

The government announced it will form the Myanmar Trade Development Council in 2015 in a bid to promote exports, according to a report from the International Trade Center (ITC). At present, the German International Cooperation Agency led by the Development of Export Department under the Ministry of Commerce, is providing cash assistance for the National […]

Netherlands to Aid Myanmar in Tourism Development

Myanmar will get monetary assistance from the Netherlands to develop its tourism sector, officials said. It was revealed at a meeting between the Ministry of Hotels and Tourism and the Centre for the Promotion of Imports from Developing Countries (CBI) and the International Trade Centre (TIC) of Netherlands. The cash assistance of the Netherlands Trust […]

Government, business leaders discuss Myanmar’s national export strategy

Government ministers and private sector representatives met at a workshop on Tuesday to formulate a national export strategy (NES) aimed at boosting Myanmar’s trade and economic development. The Deputy Minister for Commerce delivered the opening speech at the National Export Strategy for Myanmar workshop in Yangon where he outlined the plan. “The national export strategy […]