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India maintains curbs on bean imports

India’s Ministry of Commerce and Industry informed Myanmar last week that it is maintaining a ban on imports of beans. Myanmar’s Office of the Commissioner of Customs was informed last Thursday that the imports of peas (yellow peas, green peas, dun peas and Kaspa peas) and pulses (black matpe, toor dal) from Myanmar were to […]

Sino-Myanmar border trade falls by $562 mln in Q1

The value of Sino-Myanmar border trade between 1 October and 4 January totalled US$1.24 billion, a decrease of $562.8 million compared with the corresponding period of the previous financial year, according to data from the Ministry of Commerce. Border trade stood at $1.8 billion in the same period of the 2017-2018 fiscal. The drop in […]

Frustrated Farmers Give Melons Away as Border Checkpoint Remains Shut

MANDALAY—Melon growers gave away around 50 tons of watermelons in Sagaing Region’s Monywa on Monday in a protest against the closure of a key border checkpoint for fruit exports in the Muse border trade zone on the Myanmar-China border. Melon and cantaloupe growers from Butalin Township organized the protest, one of its leaders, Ko Thitsar, […]

Fisheries ministry needed for sector development and better exports

The Myanmar livestock and fisheries sectors have not lived up to their potential under the remit of the Ministry of Agriculture, Livestock and Irrigation and needs to be a separate ministry in order to fully grow and develop, said U Zaw Aye Maung, Rakhine ethnic minister in Yangon Regional Government. “In the past, livestock and […]

Ministry of Commerce Eyeing Mango Exports to the EU

European market, which receives 40 percent of the world’s mango exports, are interested to importing mangos from Myanmar. Therefore, the Ministry of Commerce and local traders are working to export mangos to the E.U. on a large scale. Sein Ta Lone mangos from Myat Yadanar Mango Plantation in Southern Shan State were exported to Munich, […]

Gas pipeline at Zawtika to be replaced

The replacement of a gas pipeline at the Zawtika project, offshore of Myanmar, will be conducted to reliably supply gas to Myanmar, said Mr. Piya Sukhumpanumet, general manager of PTTEP Myanmar Asset. Mr Piya was speaking to journalists during a media tour to Zawtika, located in block M-9 of the Moattama Gulf, Tanintharyi Region on […]

Southeast Asia seeks ways to protect car industry

Several Southeast Asian countries are finding ways to protect their emerging car industries from imports, after eliminating auto duties by the end of last year. Indonesia, Vietnam and Thailand have introduced measures either to hinder imports or benefit local production, while Malaysia is looking at possible curbs on foreign car sales. The new trend is […]

Myanmar to resume timber extraction

Myanmar will produce 15,000 tons of teak in the timber extraction season this year, said Kyaw Kyaw Lwin, Deputy Director-General of Forest Department at the Ministry of Natural Resources and Environmental Conservation, at a round-table discussion on the State economy pertaining to the forest sector. “The ministry has been carrying out timber extraction from natural […]

IFC, UMFCCI work to improve food safety in Myanmar

IFC, a member of the World Bank Group, signed an agreement with the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) to help food sector companies address and improve food safety practices. Another goal is to develop the country’s agribusiness sector to increase exports, draw investments, and generate jobs. According to IFC, […]

Prioritising essential imports one way to better manage trade deficit: VP

Traders should exercise more discipline when importing items that are non-essential to the Myanmar economy, as this could help prevent the budget deficit from widening beyond necessary, vice president U Myint Swe said during a meeting at the United Myanmar Federation Chambers of Commerce and Industry (UMFCCI) on August 24. At a time when inflation […]