EU-Myanmar development program to support Myanmar’s return to global trade market

The European Union-Myanmar Trade Development Program was launched on Tuesday to facilitate Myanmar’ s return to the global trade market. The introduction of the three-year technical plan will help both the public and private sectors to seize new trading opportunities and generate sustainable and inclusive economic growth in Myanmar. With a budget of 10.5 million […]

Myanmar’s trade deficit jumps 88%

Myanmar’s trade deficit jumped 88% in the fiscal year that ended on March 31, driven by rapid economic expansion in the formerly military-ruled country, state media and a Commerce Ministry official said today. Myanmar’s economy was held back by mismanagement, corruption and the refusal of Western countries to trade and invest because of human rights […]

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 […]

Trade deficit sees ‘record high’ at US$ 2.65 Bn

Myanmar’s trade deficit has seen a new record high at US$ 2.65 billion because of stronger imports in the recent fiscal year 2013-14, according to the Ministry of Commerce. The statistics show a several-time increase of the trade deficit since 2012-13, which was just over US$ 91 million. Nevertheless, the total trade volume rose from […]