Moscow steps up business with Nay Pyi Taw

At a Russia-Myanmar Intergovernmental Commission on Trade and Economic Cooperation (RMIC) meeting in Moscow last month, Russian commission chair Minister Maksim Oreshkin and Minister for the Ministry of Planning and Finance, U Kyaw Win, signed an agreement to set up a Russia trade representative office in Yangon. The trade representative office should be launched by […]

Thai SMEs encouraged to invest in Mandalay

Thailand’s small and medium-sized enterprises (SMEs) are being urged to invest in Myanmar, especially in Mandalay, a region with abundant natural resources, strong agricultural production and growing demand for Thai goods. Speaking at a seminar in Mandalay sponsored by Bangkok Post Plc and Asset Pro Management Co, Nuttaphong Visitkitchakarn, who sits on the executive committee […]

Ministry Launches Mobile App For Crop & Consumer Safety

The Plant Protec­tion Division under Ministry of Agri­culture, Livestock and Irrigation has recently introduced a mobile ap­plication to promote the effective and safe usage of pesticides on agricultural products. The application, “Plant Protection Mobile Appli­cation” (PP-Verion-1.0), is available on android phones will be upgraded as frequently as the app requires. Since launching just two months […]

The Bumpy Relationship Between India and Myanmar

The relationship between Naypyidaw and Delhi is not smooth sailing, despite the recent visit of Myanmar military officers to India. Naypyidaw’s announcement about not setting up a trading zone at the Indian border, due to a lack of basic infrastructure and low trading volume, ends the series of negotiations between India and Myanmar for border […]

Crop insurance, land reform and investment are essential to Myanmar’s agricultural sector

Q: What is the state of the rice industry in Myanmar? A: The government relaxed its control of the rice industry in 2003. Since FY2012-2013, rice export volume has exceeded one million tons per year. Q: Rice from Myanmar does not meet international standards and fails to sell for good prices in the international market. […]

Rice and broken rice export hit 1.2million tonnes

The export volume of rice and broken rice hit 1.2 million tonnes as of the third week of January. Over 400,000 tonnes of rice and broken rice worth US$120million were exported through normal trade, whereas about 800,000 tonnes of rice and broken rice worth US$256million were exported via border trade camps, according to the figures […]

Muse border generates US$3 bn in trade with China

YANGON – Myanmar’s trade with China through the Muse border trading camp was valued at approximately US$3 billion this fiscal year, according to the Directorate of Commerce and Consumers’ Affairs. This number marks a spike of over $656 million in trade since last fiscal year. Myanmar exports to China were valued at over $2 billion […]

Myanmar mangoes set to crack Korean market

Toe Aung Myint, director general of the department of trade promotion, told Myanmar Eleven that exports of mango, dragon fruit, mangosteen, and pomelo to Korea would start in a few months. “We plan to produce more mango, dragon fruit, mangosteen, and pomelo, and have increased plantation areas for these four fruits,” he said on the […]

Myanmar, Sri Lanka Seek Deeper Ties

Myanmar and Sri Lanka are seeking cooperation in economic development between the two countries. The meeting on bilateral economic potential was held in Nay Pyi Taw last week, attended by Myanmar Minister of Commerce U Win Myint and Sri Lankan Deputy Minister for Industry and Commerce Lakshman Wasantha Perera. Win Myint called for bilateral cooperation […]

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 […]