Efforts are being made to reduce Myanmar’s reliance on palm oil, the most popular vegetable oil in the country, according to the Myanmar Edible Oil Millers Association. The efforts will include encouraging the public to use soybean oil instead of palm oil, U Thein Tun, second deputy chair of the association, said. Nearly a million […]
Export revenue from Muse border trade drops by US$600m
May 24, 2019 by
Myanmar recently launched its updated National Export Strategy for the next five years. The Ministry of Commerce will be adding fruits and vegetables, gems and jewellery, handicrafts, processed food products and digital businesses as potential export sectors. But the government must first address leakages occurring at the border that result in lower than optimal export […]
Rubber exports expected to rise as production improves in Myanmar
May 15, 2019 by
Myanmar is expecting to export around 300,000 tonnes of rubber this year on the back of rising production at local plantations, U Khaing Myint, secretary of the Myanmar Rubber Planters and Producers Association (MRPPA) said last week. This is more than the government’s estimates of 260,000 tonnes this year, he said. Rubber exports have been […]
Myanmar attempts to raise exports of more local fruits to China
April 29, 2019 by
Myanmar is attempting to qualify for General Administration of Quality Supervision, Inspection and Quarantine of the People’s Republic of China (AQSIQ) certificates for eight kinds of fruits and spices. The aim is to officially export them to China, said U Soe Than Min Din , president of the Myanmar Fruit, Flower and Vegetable Producers and […]
New export strategy launched, but barriers remain
April 2, 2019 by
With export revenues having only increased by around US$2 billion over the past five years, Myanmar is aiming to boost its exports in the next five years by adding new sectors to its National Export Strategy (NES). Gems and jewellery, the digital economy, fruits and vegetables, agricultural product-based food products and industrial art products have […]
Aussie survey finds private firms face hurdles in doing business
March 11, 2019 by
Red tape and access to skilled labour are significant constraints for businesses in Myanmar, according to a survey by the Australia – Asean Chamber of Commerce. Three-quarters of the respondents to the survey on Myanmar identified government bureaucracy as a significant hurdle while two-thirds identified access to skilled labour as a constraint. Respondents to the […]
Government, private sector promote local SME goods with export potential
June 5, 2018 by
The government is working together with the private sector to promote locally produced goods, including those made in the states and regions beyond Yangon. The aim is to export the goods and narrow the trade deficit, which is in line with the National Export Strategy. Last week, the Union of Myanmar Federation of Chambers of […]
IFC, partners working toward boosting Myanmar rice industry
June 5, 2018 by
YANGON, MYANMAR — IFC through a partnership with Australia, the United Kingdom and Japan signed a memorandum of understanding (MoU) with the Myanmar Rice Federation (MRF) to support sustainable growth of Myanmar’s rice industry. The MoU aims to accelerate changes in the industry through development, improvement, and promotion of milled rice standards and paddy grading […]
