Under the updated National Export Strategy 2020-2025, Myanmar is targeting total trade volumes of US$31 billion for the current fiscal year, with US$15.3 billion for exports and US$15.8 billion for imports. If successful, this would reduce the trade deficit to US$500 million. To boost trade volumes and expand exports, Myanmar this month launched the Trade […]
Read MoreStakeholders from the public and private sector gathered last Friday to discuss the National Export Strategy (NES) 2020-2025, including actions to take to boost Myanmar’s export sector. The first Stakeholders’ Symposium for updating the NES was aimed at boosting Myanmar’s export performance in the global economy and was attended by Vice President U Myint Swe […]
Read MoreTAK: Preparations have been underway for the opening of the second Thai-Myanmar Friendship Bridge linking Thailand’s Mae Sot district and Myanmar’s border city of Myawaddy on Tuesday. Therdkiat Chinsoranand, the mayor of Nakhon Mae Sot Municipality, on Sunday inspected the preparations. The construction of the bridge, spanning the Moei River between Ban Wang Takhian in tambon […]
Read MoreOil dealers want to sell blended oil made of peanut and palm oil, according to the industry body. U San Lin, vice president of Myanmar Edible Oil Dealers’ Association, said blended product will not be detrimental to health because it is mixed under the regulatory limit, he said. Myanmar Edible Oil Dealers’ Association held a […]
Read MoreUnder a program between Myanmar’s Yangon and China’s Kunming, a Memorandum of Understanding on official rice exports to China will be signed soon, said U Aung Htoo, Deputy Minister of Commerce. “We plan to sign the MoU for the export of rice and broken rice to China by this month or next. Negotiations are at […]
Read MoreDRIVEN by big potential in Myanmar’s food wholesale industry, Metro AG, a leading German wholesale company with operations in 36 countries, will expand its business in the nation, say the firm’s senior executives. Philippe Palazzi, chief operating officer and member of the management board of Metro AG, said the firm would significantly enlarge its footprint […]
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