From wooing more Russian tourists to boosting trade, Southeast Asian nations are bolstering economic ties with Russia in hopes of curbing inflation and spurring their recovery from the COVID-19 pandemic. The U.S. and European countries have imposed sweeping sanctions on Russia in response to its invasion of Ukraine. But these efforts could be hindered by […]
Myanmar Trade Centre to open in Singapore
January 26, 2021 by
Myantrade has plans to open a Myanmar Trade Centre in Singapore in the near future to provide support for the country’s agricultural exports. Secretary of the Myanmar Fruit, Flower and Vegetable Producer and Exporter Association said the trade centre – which will be monitored closely by the Myanmar Embassy to Singapore – can help Myanmar […]
External trade dives by $2 bln as of 18 December
January 6, 2021 by
Myanmar’s external trade between 1 October and 18 December in the current financial year 2020-2021 touched a low of US$6.14 billion, a sharp drop of $2.065 billion compared with the corresponding period of the FY2019-2020, according to the Ministry of Commerce. According to the ministry data during the same period in the previous FY, trade […]
Myanmar will strive to implement RCEP trade deal, says State Counsellor
November 24, 2020 by
The Regional Comprehensive Economic Partnership (RCEP) agreement will bring investments into Myanmar and create jobs but is expected to heighten competition for small enterprises, business people say. The RCEP, the world’s largest free trade agreement, was signed by Myanmar and 14 other Asia-Pacific countries on Sunday. It covers the 10 member states of the Association […]
Myanmar raises trade target, aims to grow agri-exports this year
November 17, 2020 by
Myanmar is forecasting higher trade volumes in fiscal 2020-21 compared to the previous year despite potential setbacks from COVID-19, said U Khin Muang Lwin, assistant secretary from the Ministry of Commerce under the National League of Democracy government. The ministry is expecting trade volumes to reach US$34.7 billion in the current fiscal year, with exports […]
What Does the RCEP Trade Agreement Mean for Myanmar?
November 17, 2020 by
YANGON—Myanmar has joined China, Japan and 12 other nations in forming the world’s largest free trade zone—accounting for about 30 percent of global GDP—hoping the deal will boost trade by drawing investment to the region, expand local SMEs’ access to global manufacturing networks and support the country’s post-COVID-19 economic recovery. A long-delayed accord, the Regional […]
Border Trade Authorities Wary of Myanmar’s COVID-19 Second Wave
October 29, 2020 by
Since a recent spike in infections, border authorities in China and Thailand have tightened restrictions on trade with Myanmar.Amid Myanmar’s COVID-19 second wave, the Chinese and Thai authorities have been unilaterally applying restrictive policies at major border gates. Of concern for the Myanmar side, the measures – which are mainly detrimental to its traders – […]
Myanmar moves more trade functions online
October 28, 2020 by
MyanTrade, Myanmar’s trade promotion agency under the Ministry of Commerce, on October 21 launched a new website – www.myantrade.gov.mm – to better promote trade between local businesses and their international counterparts. The website’s key features and functions include information, guidelines and live chats for local businesses wanting to expand overseas and for foreign traders looking […]
Vietnam Eases Border Trade Restrictions With China to Help Virus-Hit Businesses
February 25, 2020 by
HANOI/LANG SON—Vietnam has eased restrictions on cross-border trade with China to prop up economic activities hit by the new coronavirus, the Ministry of Industry and Trade said on Thursday. China is Vietnam’s largest trading partner and the Southeast Asian country’s manufacturing sector relies on it for materials and equipment. China is also Vietnam’s key market […]
Myanmar conduit for wildlife trade with China as questions swirl over its role in virus panic
February 25, 2020 by
China’s deadly illicit trade in wildlife has been thrown into stark relief as Beijing recently announced a temporary ban on the sale of wildlife in the wake of the outbreak of the coronavirus in Wuhan that is suspected to have originated in the city’s wet market. While the focus is on demand in China for […]
