US Gems Association Eyes Trade Ties as Sanctions End

The American Gem Trade Association (AGTA) arrived in Myanmar for the first time this week to assess the gems sector and build trade relationships ahead of an anticipated end to the US sanctions regime, which would allow the legal import of Myanmar rubies and jade. The association’s president, Jeffrey Bilgore, said the mission had been […]

The NLD and a new dawn for old business

The past few days have been filled with casualties, as moguls hoping to re-take their seats in Nay Pyi Taw are expelled in favour of new faces. Some of the biggest names in business under the former regime – Yuzana Company’s U Htay Myint, Zaykabar’s U Khin Shwe, U Yan Win of A1 Group of […]

China’s peanut appetite forces local oil mills to close

Around 90 percent of Myanmar’s oil mills have been forced to suspend business operations due to a chronic lack of peanuts. Throughout 2014 and 2015, Chinese traders have bought up most of Myanmar’s peanut yield, leaving the domestic market with little in the way of raw materials, said oil millers. Traditionally, Chinese buyers come to […]

Myanmar aims for US duty free by 2014

Myanmar’s exporters stand to benefit from duty-free access to the United States by the end of the year under the US Generalized System of Preferences, experts say. The Ministry of Commerce said Myanmar must prove that it has improved labour rights and its property laws in line with the international standards provided by foreign institutions. […]