Fruit farmers consider forming public companies

Frustrated with complex procedures, taxes and advantages held by Chinese traders in the border town of Muse, fruit farmers in upper Myanmar have floated the idea of forming companies in the hope of finding strength in numbers. In May, the government tried to help farmers and small-scale importers and exporters in Northern Shan State, Mandalay […]

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 […]

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 […]

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 […]

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 […]