The event provided stakeholders with an opportunity to examine the current challenges in regard to Myanmar’s export performance as well as the need for a strong export and policy framework to assist development, said U Zaw Min Win, President of the Union of Myanmar Federation of Chambers of Commerce. Stakeholders 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. With existing capacity, it will take local producers two weeks to meet that demand. In order to keep providing you with our global services, Maersk is revising the Export Service (EXP) from Myanmar to World and all cargo, effective 01 st February 2020… Myanmar services export is 4,689,124,045 in BoP, current US$ and services import is 3,456,151,270.80 in Bop, current US$. For the agriculture sector, Myanmar targets to develop more high quality agriculture, livestock and fisheries products, to invest in value-added food industries and whereby to increase the exports. Rice is one of the most important exports of Myanmar. (2) Myanmar Times Daily Edition (English) ministry of commerce export/import trade situation of myanmar in (1-10-2020) to (5-2-2021) compared to the same period of 2019-2020 fiscal year (cso ၊ custom negotiation list) of search terms would be “property research report”, ”condominium law”, “Puma Energy”, “MOGE”, “yangon new town”,”MECTEL”, “hydropower”, etc. The current NES, which runs from 2015-19, has a list of 11 prioritised sectors, which includes rice; beans pulses and oilseeds; fisheries; forestry products; textiles and garment; rubber; tourism; information and promotion; trade facilitation and logistics; access to finance; and quality management as supporting services to improve export. Myanmar’s first LNG import terminal, operated by CNTIC VPower, started up in May 2020 near Yangon. On the 25 th May, the Ministry of Commerce issued 2 notification related to import of foreign liquors: - Notification No: 38-2020 on the Import-Export law excludes foreign liquors from the goods which are not allowed to be imported in Myanmar. December 8, 2020 by Thiha Myanmar will export 100 tonnes of coffee to countries in East Asia starting from January 2021, said U Ngwe Tun, founder of Genius Coffee. (3) Myanmar Times WEEKEND Additional data show that in the 2019-2020 financial year, Myanmar’s forestry department seized 44,340 tons of timber, with Kayah State and the Sagaing Region accounting for most of the seizures. Procedures; Documentation; Special Order India extends deadline to import quota of 250,000 tons of Myanmar mung beans until May 15, 2020. Myanmar is targeting to export up to 4 million tons of rice worth US$1.5 billion by 2020, according to Myanmar Rice Federation (MRF). 3. (6) Myanmar Times Twitter Page Myanmar’s exports of farm products remarkably soared to US$3.69 billion between 1 October 2019 and 25 September 2020 in the 2019-2020 financial year from $3.2 billion in the corresponding period of the 2017-2018FY, according to the trade figures released by the Ministry of Commerce. The drafting of a new Myanmar Economic Recovery and Reform Plan (MERRP) is underway. Myanmar coffee exports was at level of 2,740 thousand US dollars in 2018, up from 2,027 thousand US dollars previous year, this is a change of 35.18%. Currently, local producers are able to produce about a tonne of roasted coffee per day. We will be more prepared to export roasted beans in the future,” he said. (5) Myanmar Times Facebook Pages (Myanmar/English) © Copyright 2021 The Myanmar Times. Myanmar’s Top 10 Exports The NES is an important instrument to leverage these opportunities and deliver key goals of the Myanmar Sustainable Development Plan.”. Myanmar Consolidated Media Co., Ltd. will temporarily suspend 3 months the following businesses starting from 21 February 2021 at 10:00 am. Stakeholders 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. Myanmar will export 100 tonnes of coffee to countries in East Asia starting from January 2021, said U Ngwe Tun, founder of Genius Coffee. Search form. The EU imported goods worth €2,295 million from Myanmar. The EU exported goods worth a… Procedures; Documentation; Import. Notification No.51/2020 (Announcement of the Export Negative List) In exercise of the powers conferred by Article 13 (b) of Export Import Law, the Ministry of Commerce issued the Notification No.51/2020 concerning the export negative list, dated 8th July 2020. E.g. Launched earlier this month, the TIP, which would run from 2019-21, is funded by a US$5.28 million grant from DFID. U Aung Soe added that the states and divisions of the country will then work on developing the prioritised sectors assigned to them. It exported about 590,000 tons of rice and broken rice from October 1 to early January in 2018-19 FY, according to Ministry of Commerce. All export procedures and port costs should be revised with a view toward improving the competitiveness of Myanmar rice. Export: Our setup in Myanmar will be Detention.. Imports in Myanmar averaged 1255.18 USD Million from 2010 until 2020, reaching an all time high of 2053.40 USD Million in January of 2020 and a record low of 334.20 USD Million in October of 2010. */. Being the country’s leading export sector, Myanmar’s garment exports increased to around $4.6 billion in the 2018-2019 FY from $349 million in 2010– making up nearly 10 per cent of the country’s export revenues. importing Myanmar roasted coffee beans if we can roast enough beans to fill a container in two days,” U Ngwe Tun said. Myanmar is the EU’s 75th largest trading partner (accounting for 0.1% of the EU’s total trade). Myanmar Country Growth v/s World Growth v/s GDP Growth PNG 2. – Translated, To see the original article click link here. Consult-Myanmar Co Ltd, Myanmar Co Reg No: 100066009. Total trade between the two partners equalled €2.9 billion. “It is an opportunity for Myanmar to showcase the quality of its coffee to the world,” U Ngwe Tun said. Myanmar has three corn seasons — winter, summer and monsoon. The NES could help Myanmar secure a pivotal role in the region, said Gail Marzetti, head of UK’s Department for International Development (DFID) Myanmar. 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 and commerce minister U Than Myint. At present, corn is cultivated in Shan, Kachin, Kayah and Kayin states and Mandalay, Sagaing and Magway regions. The EU ranked as the fourth biggest trade partner of Myanmar (after China, Thailand and Singapore), accounting for 9% of the country’s total trade. The Ministry of Commerce will be adding fruits and vegetables, gems and jewelry, handicrafts, processed food products and digital business as potential export sectors for the updated NES. Still, international interest is growing.“The overseas market for Myanmar coffee was very small before. 4. (8) Myanmar Times TV Genius Coffee will export the coffee beans in cooperation with two other companies. The updated NES will guide the development of new exporters while supporting the growth of traditional export industries. NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. The six containers of coffee, worth about US$ 850,000, will be exported to countries like Korea, Japan and China, which have high interest in Myanmar coffee due its organic harvesting and production methods. Tinier percentages went to Africa (1.2%), Latin America excluding Mexico but including the Caribbean (0.2%) then Oceania led by Australia (0.1%). Revenue from the Myanmar oil and gas sector will decline in fiscal 2020-21 as a result of COVID-19, Deputy Minister for Planning and Finance U Maung Maung Win told the Pyidaungsu Hluttaw.