China resets ties with Myanmar with USD eight billion deals

Seeking to reset ties with Myanmar, China today signed USD eight billion trade deals with its southern neighbour after relations went through a turbulent period following the country’s gradual transition to democracy from years of Beijing-backed military rule. The two countries signed several trade agreements worth about USD 7.8 billion after talks between Chinese Premier […]

Myanmar’s trade volume nearly hit US$16bn

Myanmar’s total trade volume has nearly hit US$16 billion in the first nine months of fiscal year 2013-14, according to the Ministry of Commerce. The trade volume reached US$15.92 billion between April 1 and December 6, which is US$3.65 billion up from the same period last year. The government has targeted US$25 billion for the […]

Myanmar garment exports soar following EU trade pact

Garment exports have surged since the European Union admitted Myanmar into its generalised system of preferences last April, opening up European markets. According to U Aung Myint, director of SMC garment manufacturing and member of the Myanmar Garment Manufacturers’ Association, Myanmar exported US$400 million worth of garments from May through July, on pace to surpass […]