Thailand and Burma Set Sights on Boosting Bilateral Trade

On the heels of the launch of the Asean Economic Community in January, Burma and neighboring Thailand are making plans for a multi-billion dollar trade boost next year. Thailand is second only to China as Burma’s largest trading partner, and both countries are hopeful that they can make strides toward growing total trade volume by […]

Myanmar’s Post-Election Future With India

The November 8 election in Myanmar produced a stunning victory for the opposition National League for Democracy (NLD) and its leader Aung San Suu Kyi, who trounced the military-backed Union Solidarity and Development Party. However, a clause in the constitution will prevent Suu Kyi from becoming president, and the military is not likely to relinquish […]

China’s Economic Storm Raises Risks and Uncertainties for Myanmar

YANGON, Myanmar—Beginning in the early 2000s, China’s rise buoyed commodities markets and improved the fortunes of many resource-rich countries. Myanmar was no exception: Bilateral trade has expanded considerably, with China now accounting for approximately 40 percent of Myanmar’s imports and 15 percent of its exports. Although estimates vary significantly, data provided by Myanmar authorities to […]

Trade volumes climb on import growth

Myanmar’s bilateral trade this financial year until end-July is worth over US$500 million more than over the same period last year, according to figures compiled by the Ministry of Commerce. Trade so far this financial year is worth a total of $8.951 billion, up from $8.437 billion in the first four months of the last […]

Indian Industrial expo to be launched in Myanmar’s second largest city

Indian Industrial expo to be launched in Myanmar’s second largest city YANGON, Feb. 19 (Xinhua) — The first-ever Indian Industrial expo will be launched at the city hall of Mandalay, the second largest city of Myanmar, this month in order to promote bilateral trade and investment between the two countries, exhibition sources said Thursday. Jointly […]

Bilateral trade with Bangladesh needs a boost

Bilateral trade between Myanmar and Bangladesh in this fiscal year is the lowest compared to other neighbouring countries, according to the sources from Ministry of Commerce. Myanmar earned more than US$3.4 billion from the border trade with China, India, Thailand and Bangladesh from April 1 to December 13. China is the biggest trade partner with […]

Trade volumes likely to fall short of $25b goal

But bilateral trade is growing across the board as new trade partners around the globe are taking more interest in doing business with Myanmar Myanmar has only managed to meet 63 percent of its annual bilateral trade target of US$25 billion through the first months of the 2013-14 fiscal year, drawing doubts for the first […]

Myanmar urges China to invest in Kyauk Phyu SEZ

YANGON – Myanmar urged Chinese investors to invest in the Kyauk Phyu Special Economic Zone (SEZ) during a bilateral trade meeting on Saturday, according to the Directorate of Investment and Company Administration (DICA). Located on the western coast of Myanmar, Kyauk Phyu Project is one of three special economic zones in the country. The other […]

Thilawa SEZ’s progress will determine Japanese investments — Japanese minister

YANGON—Japan is quite hesitant about investing in Myanmar and its future investments will depend on the progress of the Thilawa Special Economic Zone, said Yoshihiko Isozaki, Japan’s Vice Minister for Economy, Trade and Industry, on Saturday. “Several Japanese leaders visited Myanmar this year. Japanese investors are really interested in boosting bilateral trade. In fact, Myanmar’s […]