MTC opened to woo foreign buyers

The Myanmar Trade Centre has been opened to boost the country’s exports and woo foreign buyers.

The MTC, officially launched on Saturday, is located at Yangon office of the Commerce Ministry.

MyintSwe, the PM of Yangon Region and other regional government officials, Win Myint, the union minister of commerce and other officials, Win Aung, the chairperson of UMFCCI and other officials attended the opening ceremony.

The MTC will answer questions related to doing business, disseminate trading information, organise export promotion exhibition, act as reference library for trade, run seminar and training.

Win Myint voiced confidence that the MTC could help local proprietors to gain the knowledge of the market they seek.

The country’s main exports are agriculture produce, livestock, fishery, forest products, mineral extraction, manufacturing products and commodities.

In the last fiscal year, international trade was at US$24 billion, comprising $11 billion in exports and $13 in imports. This resulted in $3 billion trade deficit.

The National Exports Strategy has been drafted and the review process on trade policy is ongoing.

The country enjoys European Union tariff privileges. The US has relaxed but not lifted the sanction on grounds that the country has not complete its reforms. Some 5,000 products from Myanmar are still not listed on the US generalised system of preferences.

Source: Myanmar ELEVEN

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Dagon City", “MOGE”, “yangon stock exchange”,"MECTEL", "hydropower", etc.

To learn about the business opportunities in Myanmar click here

To evaluate the various segments of the market that you could possibly enter base on your competencies you can do a Custom Market Entry Strategy Research. You can see a sample report at page "Actual Sample of Client Report”. Click here to go to page.

Do you know that IE Singapore is giving up to SGD 20,000 support for Singapore company to venture into Myanmar? To learn more click here

If you are interested to be listed in our Service Provider Directory as a supplier of services or products that we can use to match with the needs of our clients in Myanmar please fill up the online form by clicking here