fbpx

Associations in Myanmar

I was recently in a mission in the Myanmar capital city of Yangon for my organization, the Association of Development Financing Institutions in Asia and the Pacific, to conduct briefings on the green lending policy framework that ADFIAP has developed for the Myanmar Bankers Association (MBA). This is part of the European Union (EU) grant […]

Trade sanctions by EU, US unlikely: analysts

Analysts are not expecting the European Union or the US to revoke Myanmar’s tariff-free access to their markets over the coming quarters. Following a United Nations report implicating the Tatmadaw in human rights abuses against ethnic minorities in the states of Rakhine, Kachin and Shan in September last year, the EU announced a month later […]

Creation of new ministry part of Myanmar’s plan to incentivise FDI

In an attempt to reverse a recent decline in foreign investment, Myanmar has set up a new ministry tasked with attracting and facilitating fresh inflows, though concerns over the re-imposition of import tariffs by the EU could cool investor appetite. On November 19 the government established the Ministry of Investment and Foreign Economic Relations, a […]

EU trade threat could make cambodian factories worse for workers: Unions

The European Union’s move to revoke Cambodia’s duty-free access could force major clothing brands out of the manufacturing hub and worsen conditions for workers, industry experts said. Cambodia has six months to convince its biggest export market that it has arrested a backslide on human rights and democracy. If it fails, the EU will strike […]

Myanmar RMG units exporting to EU rose by 180 in 5 yrs22

The number of readymade garment (RMG) factories in Myanmar that export products to the European Union (EU) has increased by 180 within five years from 22 in 2013 to 202 now, primarily due to benefits offered by the EU’s generalized system of preferences (GSP), according to Aung Naing Oo, director general of department of investment […]

Cambodia Businesses, Unions Ask EU Not to Impose Trade Sanctions

PHNOM PENH—Cambodian businesses and unions urged the European Union on Monday to not withdraw trade preferences from Cambodia over human rights concerns, saying such a decision would pose serious economic damage and harm millions of workers and their families. The EU warned last year that it would strip Cambodia of its “Everything but Arms” (EBA) […]

Rice export declines within eight months

Myanmar only exported over 1.5 million tons of rice and broken rice within eight months from April 1 till December 14, according to Myanmar Rice Federation (MRF). Myanmar earned about US$288 million from more than 800,000 tons of rice and broken rice export through border trade routes and over US$240 million from over 700,000 tons […]

The EU’s Tariff Threats Against Asia’s Autocrats Risk Backfiring

The European Union is threatening to slap tariffs on Asian leaders who abuse their power, a move that risks upending several key garment-producing nations in the region. Last month, the EU told Cambodia it would start the process of withdrawing tariff-free access for most goods under the “Everything But Arms” initiative, saying its July election […]

EU green lights aquaculture imports from Myanmar

The EU has approved the import of aquaculture products from Myanmar, in a move that has been welcomed by aquaculture producers in the Southeast Asian country. “It’s a great accomplishment for the EU projects/people that have been working hard for the past years to make this happen,” said Jonah van Beijnen, an aquaculture expert closely […]

Myanmar to establish high security laboratory, animal research centre next year

Myanmar will establish a high security laboratory- BSL 3 and a building where animals will be kept for research in 2019, according to the Ministry of Health and Sports. The projects will be implemented with 5 million euro in aid provided by EU and 22 million euro loaned from AFD. In cooperation with Myanmar’s National […]