UK GSP to launch from January 1

The United Kingdom’s generalised scheme of preferences (GSP) will cover all countries currently eligible for trade preferences under the European Union’s (EU) GSP after the end of the transition period, the UK government recently said. The scheme will cover all eligible countries that do not have their existing trade agreements transitioned into a new agreement […]

Agreements signed for Yangon Amata Smart and Eco City project

The Urban and Housing Development Department (UHDD) and Amata Asia (Myanmar) Limited signed a Joint Venture Agreement on the Yangon Amata Smart and Eco City project at Kempinski Hotel in Nay Pyi Taw yesterday morning. The department and Yangon Amata Smart and Eco City Limited also signed a land lease agreement at the same signing […]

Good growth potential for gum crop

The Japanese and Chinese governments have signed agreements to buy gum sterculia from Myanmar. The agreements were signed in Myaing township, Magway Region, on March 9. Gum sterculia, also known as gum karaya or Indian gum tragacanth, is a vegetable gum produced by trees of the genus Sterculia. The gum is used as a thickener […]

Myanmar opts for domestic power generation

Plans are underway to generate electricity from local power plants even though China, Thailand, Laos and India have offered to sell their electricity to Myanmar, a senior official of the Ministry of Electricity and Energy (MOEE) said. Details on arrangements to buy electricity from other countries have yet to be made available, and is not […]