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 will strive to implement RCEP trade deal, says State Counsellor

The Regional Comprehensive Economic Partnership (RCEP) agreement will bring investments into Myanmar and create jobs but is expected to heighten competition for small enterprises, business people say. The RCEP, the world’s largest free trade agreement, was signed by Myanmar and 14 other Asia-Pacific countries on Sunday. It covers the 10 member states of the Association […]

New Asian trade deal leaves US on the sidelines

After US President Donald Trump in 2017 scrapped a Trans-Pacific trade deal assembled by the Obama administration and 11 other governments, countries from Vietnam to Australia paused to ponder whether a trade agreement would be worthwhile without the United States. After four years and two new trade agreements, the answer from Asia appears to be […]

What Does the RCEP Trade Agreement Mean for Myanmar?

YANGON—Myanmar has joined China, Japan and 12 other nations in forming the world’s largest free trade zone—accounting for about 30 percent of global GDP—hoping the deal will boost trade by drawing investment to the region, expand local SMEs’ access to global manufacturing networks and support the country’s post-COVID-19 economic recovery. A long-delayed accord, the Regional […]

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 […]

‘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 […]

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 […]

India setting up 9 border trade points with Myanmar

Keen to boost border trade between Northeast India and the neighbouring Southeast Asian countries, the Indian government is setting up nine border haats or markets along the border with Myanmar, a top official said on Wednesday. Addressing the inauguration of the Eighth Delhi Dialogue here, Anil Wadhwa, Secretary (East) in the Ministry of External Affairs […]

ASEAN free trade must consider development gap – Than Htut

Myanmar’s vice director of the ministry of national panning and economic development has said that the ASEAN region needs to renegotiate its free trade agreement to account for the development gap between richer and poorer countries. Than Htut was addressing the 25th high level meeting of the ASEAN Economic Community held at the Sedona Hotel […]