Taiwan and EU cease buying Myanmar green peas

TAIWAN and the EU have stopped buying Myanmar green peas due to their finding the remnants of insecticides inside the product, it has been learned from merchants of beans and pulses. “We exported the green peas only after testing them at the government’s recognised laboratories. Taiwan and the EU, however, have complained that they found […]

CMP garment industry eyes US, Canadian and Russian markets

Myanmar garment factories with Cutting-Making and Packing (CMP) systems plan to expand their markets to America, Canada and Russia, said an official from Myanmar Garments Entrepreneurs’ Association. Myanmar’s main markets currently are Japan, South Korea and the EU Myanmar is making a concerted effort to boost its export products focusing mainly on its garment and […]

NGOs in Myanmar against EU agreement

EU has requested an investment protection agreement with Myanmar which is being criticized by local NGOs in Myanmar. The agreement was intended to secure investors from EU in case of dispute so the dispute could be raised at an international court of law. Local NGOs say that disputes about legal rights to land is a […]

India to import pulses from Myanmar

A high level decision from the Indian government has made plans to import more pulses from Myanmar and to release a buffer stock in order to open the market as food prices in India climb, according to the Economic Times. India is the largest buyer of beans and pulses from Myanmar, around 70% of Myanmar’s […]

Myanmar garment industry expects to earn over US$2billion through exports

THE export value of the Myanmar garment industry is expected to reach over US$2billion according to the Myanmar Garment Entrepreneurs Association. Entrepreneurs from member nations of the European Union have aims to invest in companies belonging to the MGEA, it has been learned. Garment factories in the country are required to maintain worker’s rights and […]

Myeik merchants seek direct export access

Merchants in Myeik are seeking avenues to exporting goods directly to other countries rather than doing so via Thailand and Malaysia, sources say. “The Thai authorities and some merchants from the Ranong Port came last week and talked about accessing international markets through their port. But we need direct exports because the EU has sanctioned […]

Myanmar apparel exports may double by 2020

Myanmar’s apparel exports are expected to more than double to $4 billion by 2020 owing to the favourable government policies and low labour costs in the country, according to industry insiders. One of the reasons for this is the high wages and relatively higher cost of production in countries like Vietnam, India, China, and South […]

SMART Myanmar launches 2nd phase of European Union funded project

SMART Myanmar held a kick-off launch event on 19 January at the UMFCCI with approximately 200 guests from factories, embassies and other stakeholders, according to a press release on the 20 January. More than 200 guests gathered at the UMFCCI on Tuesday to listen to speeches by the Ambassador of the European Union, Mr. Roland […]

EU-Myanmar development program to support Myanmar’s return to global trade market

The European Union-Myanmar Trade Development Program was launched on Tuesday to facilitate Myanmar’ s return to the global trade market. The introduction of the three-year technical plan will help both the public and private sectors to seize new trading opportunities and generate sustainable and inclusive economic growth in Myanmar. With a budget of 10.5 million […]

EU to provide aid for aquaculture development in Myanmar

EU to provide aid for aquaculture development in Myanmar YANGON, June 3 (Xinhua) — The European Union (EU) will provide 20 million euros (over 22 million U.S.dollars) in aid for the development of aquaculture sector in Myanmar, sources with the Ministry of Livestock, Fisheries and Rural Development said Wednesday. In addition to the cash assistance, […]