Friday 10 May 2013

Myanmar’s marine product exporters prepare for EU GSP

Myanmar’s marine product exporters are preparing their goods to meet the international quality standards as the European Union (EU) is going to restore its Generalized System for Preferences (GSP) for Myanmar next month.


“EU will begin GSP [for Myanmar products] in June. We have been exporting fish and prawns to EU. But, it would be better when EU GSP starts. Now, we are preparing the quality of our products to meet the international standards,” Han Tun, vice chairperson of Myanmar Fishery Federation, said.

Such preparation is important, as their products will have to compete globally in EU, he said.

Myanmar exporters will be required to adopt EU standards in processing their goods in order to gain EU market share, he added.

Myanmar lost EU GSP a decade ago due to human right issues in the country. Last year, EU eased trade sanctions against Myanmar in view of its political and economic reforms, and considered reinstating GSP for Myanmar goods.

Myanmar is currently exporting various marine products to England, Netherlands, and Italy. The United States is also considering GSP for Myanmar goods, according to earlier reports.

“We are now exporting marine products to the United States. If US both eased sanctions and offered GSP, it will be marvelous. We may get a chance to compete with other countries there,” Han Tun said.

source: Eleven Myanmar

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