Directorate of Trade

Kyat rebounds after re-export activities suspended

August 27, 2018 by Thiha

The spike in the exchange rate between the US dollar and Myanmar kyat appears to have tapered after the Ministry of Commerce (MOC) on August 17 temporarily suspended re-exports of sugar and diesel. “We suspended re-exports of sugar and diesel because the cash flows involved are huge enough to influence the exchange rate,” said U […]

Filed Under: Latest News Tagged With: CBM, Central Bank of Myanmar, China, currency, Diesel, Directorate of Trade, Exchange Rate, export activities, Forex, Illegal, illegal cash flows, import, India, Kyat, local export, Ministry of Commerce, MOC, Myanmar, singapore, SUGARCANE, Thailand, unofficial, US dollar

Myanmar Coffee Exports to Stimulate Agro Sector

June 2, 2017 by thiha

The government has placed emphasis on the diversification of crops which have wide international markets access, in addition to paddy, and it hopes to increase coffee production. Union Minister for Agriculture, Livestock and Irrigation, Dr Aung Thu, said he hopes to increase the coffee acreage to 200,000 and exports to 60,000 tons by 2030. “During […]

Filed Under: Latest News Tagged With: Chin State, China, Department of Agriculture Director General Dr Ye Tint Tun, Directorate of Trade, Dr Aung Thu, Dr Ye Tint Tun, Economist Dr Zaw Oo, Germany, International Lessons, irrigation, Japan, Kayin State, Livestock, Mandalay Region, Myanmar Agriculture Development Bank, Myanmar Arabica Coffee, Myanmar Coffee Value Chain Development, Nay Pyi Taw, Pyin Oo Lwin, Robusta Coffee, Shan State, South Korea, Switzerland, Taiwan, Tanintharyi Region, Than Taung Gyi, The Myanmar Times, Thingaha Hotel, U Henry Van Thio, U Saw Ki Do, Union Minister for Agriculture, USA, Ywa Ngan

Myanmar-Thailand Border Trade Exceeds $1bn

February 2, 2017 by thiha

Earnings from border trade between Myanmar and Thailand reached over US$1 billion this fiscal year compared to $160 million in the same period in last fiscal year, according to Directorate of Trade. Myanmar earned $1.025 billion from border trade with Thailand as of January 20 this fiscal year, according to statistics from the department. […]

Filed Under: Latest News Tagged With: Directorate of Trade, Htikhi, Kawthoung, Maese, Mawtaung, Ministry of Commerce, Myanmar and Thailand, Myawady, Myeik, Nabule, Tachilek

Businesses worry red tape will remain an obstacle despite reforms

March 6, 2014 by thiha

Cutting red tape in line with regional standards is going to be an uphill struggle for many government departments, experts said, as the government has instructed its ministries to simplify bureaucratic procedures to meet ASEAN standards by the end of March. U Tin Maung Than, director and senior research fellow of Myanmar Development Resource Institute […]

Filed Under: Latest News Tagged With: Bureaucratic Procedures, Chair, corruption, Director, Director and Senior Research, Directorate of Trade, Farmer Phyoyarzar Co, Government Departments, International Business Centre, Managing Director, MDRI, Myanmar Development Resource Institute, National Economic and Social Advisory Council, NESAC, Red Tape, Secretary-General, Shwe Lin Ban Industrial Estate, U Myo Htwe, U Nay Lin Zin, U Than Aung Kyaw, U Tin Htut Oo, U Tin Maung Than

Ford launches as govt revamps import rules

October 24, 2013 by thiha

Industry observers said they welcomed the notice, which was obtained by The Myanmar Times last week, from the ministry’s Directorate of Trade outlining parameters for distributors to sell new cars in Myanmar though some added it is at most a first step and further clarification is required. Ford became one of the first among other […]

Filed Under: Latest News Tagged With: ASEAN Free Trade Area, Capital Automotive, Capital Diamond Star Group, David Westerman, Directorate of Trade, Edwin Vanderbruggen, Explorer, Ford Distributor, Ford Motors, Hyundai, Jardines Cycle and Carriage, Mazda, Mercedes Benz, Ministry of Commerce, Myanmar, Nissan, Ranger, Showroom Distribution System, Taurus, U Aung Thet Lwin, U Khin Tun, U Ko Ko Gyi, U Than Aung Kyaw, VDB Loi