Myanmar Fishery Export Income Set to Double

​​ THOUGH MYANMAR’S fishery export income took a dive for three straight years until 2015, industry players hold high hopes to rebound, given the slight increase last year and the potential continuation of growth this fiscal year ending on March 31. In FY2011-12, Myanmar could generate US$705.9 million (Bt24.7 billion) from fishery exports, after dropping […]

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 […]

Thailand aims to double bilateral trade with Myanmar

THAILAND and Myanmar will strengthen trade and economic cooperation under a strategic-partnership strategy aimed at doubling bilateral commerce within the next five years. The two countries’ governments and private sectors will this week sign 15 memoranda of understanding to promote trade, investment and service growth. Deputy Prime Minister Somkid Jatusripitak will today lead an official […]

MRF requested Commerce ministry not to collect two per cent of advance tax on rice ex

Myanmar Rice Federation (MRF) asked the Commerce Ministry not to collect advance taxes on rice and paddy exports, according to this Fedration. Additionally, MRF asked to reduce production costs, boost the production rate, shift the term to repay cultivation loans to the Myanma Agricultural Development Bank and cooperative associations, reduce the interest rate of loans […]

Import, export licences to be granted without scrutiny of proposed price

Import and export licenses will be issued without scrutiny of prices that may be listed in invoices and sale contracts submitted by the companies in order to have smoother flow of trade, according to an announcement released by the Commerce Ministry on 22nd November. The seekers of import and export licenses have to provide an […]

Muse border trade value reaches almost $3.2 billion

The total trade value of the muse border trade camp reached nearly US$3.2 billion this year, a decrease of over $140 million compared to the same period last year, according to the Commerce Ministry. Located between Myanmar and China, the Muse border trade camp has the highest volume and value of total border trade among […]

Maritime Trade Value Declines While Border Trade Value Increases

The value of trade through normal trade as of 11th November in this fiscal year declined by over US$328.406 million, while value of trade through border area increased by US$ 390.421million, according to the statistics provided by the Commerce Ministry. The value of exports as of 11th November in the current fiscal year was US$4,234.941million […]

Myanmar Rice Market Encounters Challenges

The Myanmar rice market is being faced with many challenges in its attempt to enter the highly competitive international market. Concerted efforts need to be exerted by all the stakeholders who are engaged in supply chain and the officials concerned to maintain a stable price, to make a profit for those who are participating including […]

About 100,000 tonnes of pulses to be sold to India under G to G agreement

About 100,000 tonnes of pulses will be sold to India per year under a government-to-government (G to G) agreement, according to the Commerce Ministry. Preparations to sign a bilateral Memorandum of Understanding (MoU) about the export of pulses are being made. The Myanmar Pulses, Beans and Sesame Seed Merchants’ Association will cooperate with the Commerce […]