Myanmar should enhance domestic production and develop its local markets, says Martin Tlapa, Deputy Minister for Foreign Affairs of the Czech Republic, during a talk entitled “Economic Transition: The Czech Experience and its Relevance for Myanmar” last week. In sharing appropriate approaches with Myanmar, Mr Tlapa said Myanmar should enhance the production of domestic products […]
Foreign trade value reaches US$13 billion, with over 1.7 billion in deficit
October 14, 2016 by
The external trade value as of 7th October in this fiscal year hit over US$13 billion, with a trade deficit of over 1.7billion, it is learnt from statistics of the Ministry of Commerce. The value of foreign trade from 1st April to 7th October in this fiscal year amounted to US$13,607.140million, which was down from […]
Myanmar to mull tariff cut for Taiwan’s fabrics following an economic summit
September 15, 2015 by
TAIPEI — Myanmar has agreed to study the possibility of lowering its tariffs on imported Taiwanese fabrics, a move seen as a goodwill gesture following an economic dialogue held by Taiwan and Myanmar, the Ministry of Economic Affairs said Saturday. A Taiwanese delegation led by Yang Jen-ni (楊珍妮), head of the MOEA’s Bureau of Foreign […]
EU investments set to surge after protection deal
March 10, 2015 by
Investments from the European Union member countries are likely to surge after signing of the EU-Myanmar investment protection agreement, said a senior EU official. Antonio Berenguer, EU’s head of trade and economic affairs, said that the agreement would encourage investment from Europe by improving legal certainty and predictability surrounding investments. “This agreement aims to provide […]
Myanmar earns US$5 billion from foreign trade
July 15, 2014 by
From April 1 to July 4, Myanmar’s foreign trade through land and maritime routes has amounted to more than $5 billion, an increase of $1 billion from the same period last year, according to the Ministry of Commerce. The exports totalled $1.8 billion and the imports were worth $3.4 billion. The maritime trade accounted for […]
Burma to Allow Foreign Banks to Begin Some Operations Next Year
December 9, 2013 by
Ground clearance and basic infrastructure preparation work has begun on an industrial estate inside the Thilawa Special Economic Zone, said the Japanese Kyodo News agency. A ceremony marking the start was attended by Japan’s Mitsubishi Corporation, Marubeni Corporation and Sumitomo Corporation plus nine Burmese business partners and Naypyidaw government representatives, said Kyodo. Mitsubishi, Marubeni and […]
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