Thailand Turns to Mekong Neighbors, Myanmar to Diversify Exports

Thai policy makers searching for ways to reverse a slump in exports may have found a solution close to home — a $170 billion market just over the border that’s growing by more than 6 percent a year. As shipments to China, Europe and the U.S. slow, Thailand’s government is crafting a strategy to deepen […]

China’s Economic Storm Raises Risks and Uncertainties for Myanmar

YANGON, Myanmar—Beginning in the early 2000s, China’s rise buoyed commodities markets and improved the fortunes of many resource-rich countries. Myanmar was no exception: Bilateral trade has expanded considerably, with China now accounting for approximately 40 percent of Myanmar’s imports and 15 percent of its exports. Although estimates vary significantly, data provided by Myanmar authorities to […]

Illicit capital flows into Myanmar soar

The report, by US non-profit Global Financial Integrity (GFI), looks at illicit capital flows in Myanmar between 1960 and 2013. It finds that despite a number of political and economic changes since 2010, unlawful inflows – mostly due to misinvoicing – are growing fast. GFI estimates that US$18.7 billion flowed illegally out of Myanmar over […]

Foreign Firms Tap Myanmar Meat Market

Meat exporters from the United States, Brazil and Japan are looking to export quality meat to Myanmar and their representatives are in talks with Myanmar’s Meat Industry Board, according to Myanmar Livestock Federation (MLF). “The United States is set to exempt tariffs on fishery or garment exports from our country and we will also have […]

Trade Website Eyes Linking Local Businesses with Overseas

The Department of Trade Promotion is set to launch a website to share information and market data, according to Daw Thidar Win Htay, assistant general manager of the department. “The website will facilitate local businesses in linking with overseas markets while posting regulations, policy changes and market information. As trade centres are also being developed […]

Trademark Protection – ‘They Realize They’re Stuck with Laws and Concepts That Are Dated’

A set of intellectual property (IP) laws, covering patent, copyright and trademark protections, is slated to go before Burma’s parliament by mid-2015. The legislation, currently being drafted by Burma’s Ministry of Science and Technology, is expected to bring Burma into line with its obligations under the World Trade Organization’s Trade-Related Aspects of Intellectual Property Rights […]

Active black market discourages foreign firms, says minister

The prominence of the domestic black market continues to discourage prospective foreign investors from entering the country, according to Minister of Commerce U Win Myint. Foreign firms are worried that black market goods are often sold at unfairly low prices because importers avoid paying import duties and taxes as well as following proper regulations, and […]

Taiwan Manufacturers to Tap Myanmar, Laos Market

Taiwan’s top trade promotion body said last week that it will organise tours to explore business opportunities in Myanmar and Laos in March, targeting the industrial product market in the two countries, where demand for machinery and power supplies is high. In Myanmar, demand for imported machinery is high in the agricultural and industrial sectors, […]

Intellectual Property Group to Be Formed Ahead of Expected Law

YANGON — The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) will launch a Myanmar Intellectual Property Association ahead of the expected passage of an Intellectual Property Law by Myanmara’s Parliament, according to a UMFCCI official. Aye Lwin, joint secretary general of the UMFCCI, said at a seminar on intellectual property (IP) […]

Investment laws may be combined, says official

The Foreign Investment Department is considering combining the foreign and Myanmar citizens’ investment laws, its director in chief, U Aung Naing Oo, told Mizzima on December 4. U Aung Naing Oo stressed that no consideration was being given to amending the Foreign Investment Law, which was promulgated on November 3, 2012. “We are just thinking […]