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Locals call for more regulation in retail sector

As foreign retailers enter the domestic market, the government should work to ensure a level playing field, said local retailers. During the Private Sector Development Committee meeting with President U Myint Swe on April 27, Daw Su Hlaing , Secretry of Myanmar Retailers Association, voiced concern for the survival of local retailers in the face […]

Myanmar attempts to raise exports of more local fruits to China

Myanmar is attempting to qualify for General Administration of Quality Supervision, Inspection and Quarantine of the People’s Republic of China (AQSIQ) certificates for eight kinds of fruits and spices. The aim is to officially export them to China, said U Soe Than Min Din , president of the Myanmar Fruit, Flower and Vegetable Producers and […]

MoU on rice exports signed with Yunnan Province government

The Ministry of Commerce (MOC) and government of Yunnan Province, China, signed a memorandum of understanding on the export of Myanmar rice and other crops to China on April 21. Under the agreement, Myanmar will be able to legally export crops such as rice as well as fisheries to China via the Muse border trade […]

Sugar export licences to be suspended on lack of demand

The Ministry of Commerce (MOC) last month suspended 103 licenses to re-export sugar due to a lack of demand from China, said U Win Htay, deputy chair of the Myanmar Sugar and Sugarcane Related Products Merchant & Manufacturers Association. Out of 103 companies, 49 companies will have their trading registrations suspended for three months, while […]

Floor price set for rice as demand plummets

The price per pack of long grain rice has been set at a floor of K19,500, said U Aung Than Oo , president of Myanmar Rice and Paddy Traders’ Association. Traders arrived at the decision on Monday. Prices dived to around K19,000 per pack after the EU in January reinstated tariffs on rice imports from […]

Trade volume between Myanmar and Thailand reaches over US$1.7 B

Trade volume between Myanmar and Thailand reached over US$1.7 billion till January 2019 and Myanmar exported over US$1 billion worth of products to Thailand, according to Ministry of Commerce. Myanmar exported US$3.823 billion worth of products and imported US$691.145 million worth of products in 2011-12 FY and exported US$4.576 billion worth of products and imported […]

Trade deficit continues to narrow as exports accelerate

The trade deficit for the first four months of the 2018-19 fiscal year, which starts in October and ends in September, has declined with imports increasing at a slower pace compared to the same period of last fiscal year. According to data provided by the Ministry of Commerce, trade volume for the period up to […]

Hluttaw passes amendments to consumer law

The Pyidaungsu Hluttaw (Assembly of the Union) approved amendments to the Consumer Protection Law at its session on Tuesday. The bill passed by 410 votes for and 156 against. There was some debate among MPs over a provision in the bill requiring the labelling of goods in the Myanmar language that would take effect a […]

Hyundai joins fray in Myanmar’s crowded auto market

Myanmar’s restrictions on imported vehicles are pressing foreign automakers to switch to local production, adding pressure to a crowded field in Southeast Asia’s last promising growth market. Last week, South Korea’s Hyundai Motor marked the opening of a new contract manufacturing facility in Myanmar by launching its first locally made cars. That makes it one […]

Import value of CMP raw materials hit over $600 in three months

CMP (Cut-Make-Pack) businesses have imported raw materials worth over US$600 million over the past three months in the current 2018-2019 fiscal year, exceeding nearly US$100 million compared to the same period of last FY, according to the Ministry of Commerce. From October 1 to January 11 this FY, import value of CMP raw materials reached […]