THE free trade agreement (FTA) between ASEAN, Australia and New Zealand makes Myanmar products more competitive in the two biggest markets in Australasia, according to trade commissioners from Australia and New Zealand. There is a huge potential for trade to grow in the agriculture sector, as all three countries are rich in farms and fisheries. […]
Myanmar’s bargaining power rises along the Belt and Road
September 20, 2017 by
AS Hong Kong’s second Belt and Road Summit started today in the city The Myanmar Times asked two experts from The Economist Intelligence Unit and Lau China Institute at King’s College, London for their input regarding the dynamics of the Belt and Road Initiative (BRI) and China in relation to Myanmar and ASEAN. Much of […]
Hong Kong leader heads to Myanmar seeking to complement Belt and Road
September 14, 2017 by
HONG Kong’s Chief Executive Carrie Lam will visit Myanmar on September 14-17 in an effort to step up its game in ASEAN and is expected to promote Beijing’s Belt and Road Initiative. Mrs Lam will be speaking at the 14th World Chinese Entrepreneurs Convention (WCEC) on September 16, which is held by the Yangon-headquartered Myanmar […]
‘Tremendous opportunity for growth’ identified in the BIMSTEC region
September 14, 2017 by
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 […]
Vietnamese Automakers Dream of Cars Rolling on Streets of Myanmar, Philippines
June 5, 2017 by
The automakers see great opportunities to export cars to ASEAN as the tariff will be cut to zero percent from 2018 under the ASEAN free trade agreement (FTA). However, in order to be able to enjoy the zero percent tariff, Vietnam’s products must have the minimum localization ratio of 40 percent. Truong Hai Automobile has […]
Thailand Turns to Mekong Neighbors, Myanmar to Diversify Exports
October 14, 2015 by
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 […]
EU to Start Investment Pact Talks With Burma This Week
March 19, 2014 by
HANOI — The European Union will launch negotiations this week for an investment pact with Burma, the EU’s top trade representative said on Monday, a deal aimed at giving European firms preferential access to one of Asia’s final frontier markets. Burma, an underdeveloped country closed off until 2012 to Western firms due to trade sanctions, […]
