Reposted from Mizzima News
Myanmar is on course for a big jump in textile exports to Europe following the return of trade privileges by the European Union (EU), according to the Thailand Textile Institute.
The lifting of the ban on Myanmar under the EU’s Generalised System of Preferences (GSP) would rapidly drive up Myanmar’s exports of textiles, it said. The institute did not predict the size of the increase, but said it would be significant.
Myanmar’s textile exports rose 18% last year over 2011, totalling US$946 million (27 billion baht).
The EU reinstated trade benefits to Myanmar on April 22 in the wake of democratic reforms after years under the rule of a military junta. Garments are a key industrial sector of the country. Myanmar was struck off the GSP list in 2003 to a protest against the country’s dictatorship. More…
Workers installing gas pipeline near Kyaukmyaung Village of Rakhine State’s Ahn Township
Reposted from Eleven Myanmar
Myanmar is standing as leading natural gas exporter among Asian countries and tenth places in world ranking, according to statistics from natural gas export.
Myanmar signed a 30 year agreement with Thailand and has exported 640 million cubic feet of natural gas from Yatanar oil and natural gas offshore field to Thailand daily since 1998. Yatanar oil and natural gas offshore field distributes 180 million cubic feet per daily to local use.
Similarly Myanmar has exported 430 million cubic feet of natural gas from Yetagun oil and natural gas offshore field to Thailand daily. The field has been operated by Petronas Carigali Myanmar (Hong Kong) Ltd. and has sold natural gas to Thailand since 2001. More…
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…
Ethiopia is seeking to attract export-driven manufacturers by building industrial zones
Reposted from Bloomberg Businessweek
By William Davison
Ethiopia will spend 900 million birr ($49 million) to open its first industrial hub for export- oriented manufacturers in a bid to deliver faster economic growth, Industry Minister Mekonnen Manyazewal said.
South Korean garment-makers are among companies in talks with the government about establishing operations at the planned site in the capital, Addis Ababa, Mekonnen said in an interview in the city on March 15. The facility is scheduled to open before the fiscal year ends on July 7, he said.
“This is one of the key strategies to facilitate and support foreign and domestic private-sector partners and particularly to enhance exports,” Mekonnen said. “It’s key for our industrialization.” More…
Reposted from The UB Post
By B. Khash-Erene
The Deputy Head of the National Statistics Office (NSO) of Mongolia, B.Erdenesukh and the Head of the Macro Economics Department of NSO B.Badamtsetseg has officially released this year’s social and economic evaluation for the period up until November 2012 during a press conference.
Below are some of the highlights of the evaluation. More…
Pakistan has reportedly sent mangoes to Japan on a trial basis.
Reposted from The News International
LAHORE: In a meeting at the Pakistan Horticulture Development and Export Company (PHDEC) head office, the PHDEC claimed to have accelerated efforts to set up a Vapour Heat Treatment (VHT) Plant before the next mango season. In its efforts to tap into the higher end Japanese market, Pakistan has reportedly sent mangoes to Japan on a trial basis. On the initiative of the Ministry of Commerce, the Japan International Cooperation Agency (JICA) is likely to help in setting up a VHT plant in Pakistan. More…
Wheat production in Pakistan reached highest-ever level of 25 million tons
Reposted from Business Recorder
The government achieved remarkable successes in the agriculture sector, wheat production in Pakistan reached highest-ever level of 25 million tons and now Pakistan is recognised as a net wheat exporting country. President Asif Ali Zardari said this in a message read out by Dr Nadeem Amjad, Member of Pakistan Agricultural Research Council (PARC) on the occasion of World Food Day organised by PARC, Ministry of National Food Security & Research, in collaboration with Food and Agriculture Organisation and World Food Program (WFP). More…
Reposted from Reuters
Rice field in Myanmar
By Jason Szep
YANGON, Aug. 9 (Reuters) – As Myanmar emerges from decades of isolation and oppression, it hopes to reclaim its nearly forgotten status as the world’s biggest rice exporter. More…
Reposted from Reuters
Textile factory in Yangon, Myanmar
(Reuters) – A U.S. ban on imports from Myanmar was set to expire, at least temporarily, at the end of September because of a clash between lawmakers over funding for an African trade provision. More…
Reposted from The Financial Express
By Yasir Wardad
Bangladesh is going to add green banana to its limited export baskets as the nation moves to ship the agro-product rich in nutrition value, officials said.
The country exports around 50 agricultural products to the European Union (EU), Middle-East and North-American countries, but banana is yet to make foray due to stringent sanitary regulations. More…