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Myanmar’s Path to Trade War Gains Blocked by $120 Billion Hole

Myanmar faces major infrastructure obstacles as it tries to attract manufacturers seeking alternative locations to China, according a leader of its business community. Aung San Suu Kyi’s government should prioritize reliable electricity and shorter transport times to woo factories as the U.S.-China trade war shifts global supply chains, said Zaw Min Win, president of the […]

Kevin Fitzsimmons: Myanmar’s aquaculture potential on par with Thailand

The Government of Myanmar has targeted Aquaculture as a solution to widespread malnutrition and rural poverty in the Southeast Asian nation. With its 2,000 kilometers of coastline, Myanmar has the potential to reach the production levels of its neighbor, Thailand, as a seafood Producer, according to Kevin Fitzsimmons, a professor in the Department of Soil, […]

UK shifts trade policy on Myanmar to open markets further

Britain is signalling a shift in its trade policy on Myanmar to focus on opening up specific sectors where UK companies already have a foothold, including education, financial and professional services, infrastructure and energy. In an interview with The Myanmar Times, Warren Pain, director of international trade at the British embassy, set out how the […]

All sewn up? Vietnam garment makers face hitches in lucrative EU trade deal

HO CHI MINH CITY—For Tran Nhu Tung, Vietnam’s newly signed free trade deal with the European Union presents both huge opportunity, and a logistical headache. The vice chairman of Thanh Cong Textile Garment Investment Trading (TCM) in Ho Chi Minh City is planning a rapid expansion in anticipation of the influx of orders the tariff-slashing […]

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 […]

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 […]

Myanmar ups efforts to stem fall in rice exports

Myanmar’s rice exports have been falling over the past year, and the government is upping efforts to diversify its markets and reduce costs to better compete with other exporting countries. Myanmar exported 1.7 million tonnes of rice and broken rice worth US$ 578 million in between April and December last year, according to the Ministry […]

Myanmar raises efforts to export fishery products

Two fish processing plants — TT Cold Store Factory and A&N Foods (Myanmar) Co. Ltd — have been granted permits to export fish caught in the wild to the European Union, according to a report by state media. The Fisheries Department, under the Ministry of Agriculture, Livestock, and Irrigation, is working with the fish processors […]

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 […]