Individual trades through land border exceed K8 bln in Q1

According to data released by the Ministry of Commerce, trade conducted by Individual Trading Card (ITC) holders reached over K8.09 billion through the land border in the first quarter of the current financial year 2020-2021. The Trade Department issued 17 cards in the October-December period this FY. Imports exceeded K6.46 billion, and exports were valued […]

Thailand becomes top corn export market for Myanmar

Thailand is now the top buyer of corn produced in Myanmar, with more than half of Myanmar’s corn harvest now being exported to its neighbour, said U Myo Thu, Deputy Director General of the Myanmar Trade Promotion Organisation. Corn to be used as industrial or animal feed is in high demand in Thailand. With exports […]

Insiders urge govt to expand garment making value chain as exports decline in Myanmar

Myanmar is raising efforts to draw factories that produce raw materials for the garment manufacturers such as buttons and thread to invest in Myanmar, said U Aye Thaung, , chair of the Shwe Lin Pan Industrial Zone. Currently, garment manufacturing in Myanmar is carried out in a cut-make-pack style, where fabrics and accessories are imported […]

Myanmar commerce ministry declares import licence list

Import licences will now be required for around 4000 kinds of goods in Myanmar. This will take effect on December 1, the Ministry of Commerce announced. Traders for a total of 3931 goods categories including live animals, meat and fish, edible oil, vegetables and crops, forest products, beverages, mineral fuels, chemicals, medicines, automobiles and machinery […]

Myanmar commerce ministry declares import license list

Import licenses will now be required for around 4000 kinds of goods in Myanmar. This will take effect on December 1, the Ministry of Commerce announced. Traders for a total of 3931 goods categories including live animals, meat and fish, edible oil, vegetables and crops, forest products, beverages, mineral fuels, chemicals, medicines, automobiles and machinery […]

Illicit imports threaten Myanmar’s e-commerce players

The commerce ministry committed to developing the country’s nascent e-commerce sector as a means to boost trade and create jobs, but the lack of infrastructure and rampant illicit trade pose a serious threat to the emerging industry. The report from the United Nations Conference on Trade and Development (UNCTAD) titled “Rapid eTrade Readiness Assessment of […]

On Myanmar border, a city thrives

Opening-up has played a key role in the economic development of Tengchong, Yunnan province, both in the past and today, local authorities say. “It is not hard to see that all the economically active periods in Tengchong’s history were those when we had close contacts and deep exchanges with South and Southeast Asia, and the […]

Thai-Myanmar border commerce to double by 2026

The value of border trade between Thailand and Myanmar is expected to double to US$12 billion by 2026, says the assistant spokesman of the Prime Minister’s Office. The cabinet has approved the proposed draft of policies and initiatives for the ninth Meeting of the Myanmar-Thailand Joint Commission, as diplomatic relations between the two nations turn […]

Myanmar moves forward

The government of Myanmar is about to take dramatic steps to spur economic development and improve government efficiency. Several significant cabinet changes are in the pipeline, detailed economic strategies are being finalised and a shake-up in the bureaucracy is already under way. These planned changes in ministerial personnel are aimed at strengthening the government’s leadership […]

Myanmar and ASEAN A Great Unknown to Trump

Eric Rose is lead director of Herzfeld Rubin Meyer & Rose (“HRMR”), the first US law firm established in Myanmar. HRMR is a founding member of the American Chamber of Commerce Myanmar, and Mr Rose serves on its Executive Committee, and also chairs its HR Committee. In an exclusive interview with the Myanmar Times, he […]