RCEP opens up a New Chapter for Myanmar

Last Sunday, I had the distinct privilege of representing Myanmar as our nation took yet another bold step forward in signing the Regional Comprehensive Economic Partnership (RCEP). In doing so, 15 partner nations – the 10 ASEAN member states together with Australia, China, Japan, New Zealand, and South Korea – joined forces in forming the […]

Myanmar to enjoy investments from Japan, access to trade area under RCEP

Bilateral economic cooperation between Myanmar and Japan will be strengthened during the post-COVID-19 period. Stronger ties are needed to ease the impact of the coronavirus on businesses, Japanese officials said during the Myanmar Japan Investment Dialogue held on July 29. Based on the geography of Myanmar, there is ample room for economic growth and Japan […]

ASEAN trade pact strengthens Myanmar’s ties with Australia, New Zealand

THE free trade agreement (FTA) between ASEAN, Australia and New Zealand makes Myanmar products more competitive in the two biggest markets in Australasia, according to trade commissioners from Australia and New Zealand. There is a huge potential for trade to grow in the agriculture sector, as all three countries are rich in farms and fisheries. […]

Hong Kong leader heads to Myanmar seeking to complement Belt and Road

HONG Kong’s Chief Executive Carrie Lam will visit Myanmar on September 14-17 in an effort to step up its game in ASEAN and is expected to promote Beijing’s Belt and Road Initiative. Mrs Lam will be speaking at the 14th World Chinese Entrepreneurs Convention (WCEC) on September 16, which is held by the Yangon-headquartered Myanmar […]

‘Tremendous opportunity for growth’ identified in the BIMSTEC region

Participants at a Yangon roundtable discussion today point to largely untapped opportunities for trade, communication and cultural exchange in a region of 2.5 billion souls. Parami Roundtable and Mizzima Media Group organised a roundtable on Myanmar and BIMSTEC to commemorate the celebration of 20 years of BIMSTEC. BIMSTEC, known as Bay of Bengal Initiative for […]

Vietnamese Automakers Dream of Cars Rolling on Streets of Myanmar, Philippines

The automakers see great opportunities to export cars to ASEAN as the tariff will be cut to zero percent from 2018 under the ASEAN free trade agreement (FTA). However, in order to be able to enjoy the zero percent tariff, Vietnam’s products must have the minimum localization ratio of 40 percent. Truong Hai Automobile has […]

India, Thailand, Myanmar to be connected with a 1400-km road

BANGKOK: India , Thailand and Myanmar are working on a 1,400-kilometre long highway that will link India with Southeast Asia by land for the first time in decades, giving a boost to trade and cultural exchanges between the three countries. Indian Ambassador to Thailand Bhagwant Singh Bishnoi said 73 bridges in Myanmar, built more than seven decades ago during World War II, were […]

EU to Start Investment Pact Talks With Burma This Week

HANOI — The European Union will launch negotiations this week for an investment pact with Burma, the EU’s top trade representative said on Monday, a deal aimed at giving European firms preferential access to one of Asia’s final frontier markets. Burma, an underdeveloped country closed off until 2012 to Western firms due to trade sanctions, […]