Fishery exports from processing plants like the one above are expected to surge
Reposted from The Myanmar Times
By Aye Thidar Kyaw
Local exporters are scrambling to take advantage of Myanmar’s new access to the European market, with dozens of executives from the agriculture, manufacturing and fisheries industries gathering for a two-day seminar last week to learn how to ensure their products meet EU standards.
Daw Khine Khine Nwe, joint-secretary general of Union of Myanmar Federation of Chambers of Commerce and Industry – which organised the seminar on May 2 and 3 – pointed to Cambodia to show how preferential access to the EU could benefit exporters. “Cambodian officials say their export volume to EU countries increased about 66 percent since it received GSP access. We should try to do the same,” she said.
Federation president U Win Aung was more cautious, saying catching up with competitors would take time because Myanmar’s economic reform process was far from complete. New laws and policies are required, he said. More…
Reposted from Global Times
Aung San Suu Kyi
Foreign ministers of the European Union (EU) are due to meet in Luxembourg on Monday to make a decision to withdraw all sanctions against Myanmar, exactly a year after the regional grouping announced suspension of most sanctions against the country for a year except arms embargo.
EU’s expected total lifting of all sanctions against Myanmar in recognition of its significant reform process would boost EU’s investment in the country and further promote Myanmar-EU relations.
In March this year, Myanmar President U Thein Sein paid an 11- day goodwill visit to the five European countries of Norway, Finland, Austria, Belgium and Italy. The milestone trip has brought about enhancement of bilateral ties with the EU countries. More…
Reposted from The Daily Star
William Hanna, ambassador and head of delegation of EU to Bangladesh
Bangladesh has emerged as a huge success story and benefited most as a least developed country from preferential market access to Europe, William Hanna, ambassador and head of delegation of EU to Dhaka, said yesterday. More…
Reposted from The Financial Express
By Md Shariful Islam
This year the Nobel Peace Prize was awarded to the European Union (EU), an institution that has been “a sign/symbol of peace, prosperity, and development throughout the world.” It makes sense that a great honour goes or should go to one who works in promoting peace and prosperity. With the EU awarded the Nobel Peace Prize, it emerges as shouldering a greater responsibility to work for the millions of hungry, poverty-stricken people around the globe. More…
Reposted from The Financial Express
Jara Lemon from Bangladesh
The export of Jara Lemon, a big variety of citrus, to European countries has got a large boost over the last six months after the restriction on Bangladeshi citruses imposed by the United Kingdom (UK) was withdrawn in November last year after three months, reports UNB. More…
Reposted from Sai Gon Giai Phong
Vietnamese Foreign Minister Pham Binh Minh and EU High Representative for Foreign Affairs and Security Policy Catherine Ashton sign the PCA in Brussels on June 27, 2012
The signing of a Partnership and Cooperation Agreement (PCA) marks an important qualitative development in the Vietnam-EU relationship, Foreign Minister Pham Binh Minh said in an interview granted to the press in Brussels on June 28.
The Vietnamese Foreign Minister and EU High Representative for Foreign Affairs and Security Policy Catherine Ashton signed the PCA between Vietnam and the EU at the EU headquarters in Brussels on June 27. More…
Reposted from fibre2fashion.com
Garment factory in Yangon, Myanmar
Can Myanmar emerge as the next low-cost destination for global apparel brands and retailers, following China losing its sheen as a cheap production hub? Should this new development also worry garment makers in other South East Asian countries?
The vibes emerging from leaders in countries like Bangladesh, Cambodia and Pakistan seem to indicate that Myanmar could emerge as a potential destination for sourcing clothing for worldwide retailers and brands. However, they do not see Myanmar as a threat to their country’s apparel sector in the immediate future. More…
Reposted from Thanh Nien News
A man works on the assembly line of a Piaggio scooter and motorcycle factory in the northern province of Vinh Phuc
Progress in free-trade talks between the European Union and Vietnam may trigger a resurgence of investment in the Southeast Asian nation from companies within the 27-nation bloc, the EU’s top representative in Vietnam said.
Early headway in negotiations would boost interest in Vietnam even before an accord is signed, Ambassador Franz Jessen, head of the European Union delegation to Vietnam, said in an interview. Vietnam’s Minister of Industry and Trade Vu Huy Hoang is scheduled to meet EU Trade Commissioner Karel De Gucht in Brussels today to announce the negotiations, he said. More…
By John Conway Boyd
An office staff writes on a white board at the Myanmar Securities Exchange Centre in Yangon
Political reforms implemented by the Myanmar government are beginning to pay off. Many nations are beginning to ease and/or suspend sanctions against Myanmar after decades of severely stunted economic growth within the Southeast Asian nation. Following the suspension of major prohibitions against conducting business in Myanmar by the European Union, Australia and Canada last month, the United States quickly followed suit in mid-May. International investors are now lining up to capitalize on the country’s large labor force, abundant natural resources, competitive wages and strategic location. More…
Reposted from Vietnam Investment Review
EU Blue Book 2012
The delegation of European Union (EU) in Vietnam launched the “EU Blue Book 2012,” the annual publication on EU development in Vietnam , on May 31.
Head of the EU delegation to Vietnam, Ambassador Franz Jessen said EU is still one of the leading foreign development assistance providers for Vietnam, with committed aid totalling 745.3 million EUR ($1 billion) in 2012, representing 13.24 per cent of the total committed foreign assistance for Vietnam. Of the amount, non-refundable aid accounts for 32.5 per cent, or 245.21 million EUR. More…