Myanmar ups efforts to stem fall in rice exports

Myanmar’s rice exports have been falling over the past year, and the government is upping efforts to diversify its markets and reduce costs to better compete with other exporting countries. Myanmar exported 1.7 million tonnes of rice and broken rice worth US$ 578 million in between April and December last year, according to the Ministry […]

Government adds targeted export products

In a bid to contain the country’s trade deficit, the Ministry of Commerce (MOC) will include a new list of products targeted for exports under the National Export Strategy. Strategically identified by the ministry and the private sector in response to market demand, the list will include fruits, handicrafts, gems and jewelry, processed food products […]

South Korea to build $98 million logistics hub in Yangon

South Korea has invested $98 million to construct a logistics hub at Shwe Lin Ban Industrial Zone in Hlaing Thar Yar township, Yangon region. The move is touted to be vital to promoting Myanmar’s exports. HUBS MK Co Ltd from South Korea and Myanmar Trade Promotion Organisation under the Ministry of Commerce signed a memorandum […]