Thursday, 8 May 2014

Govt to launch Trade Development Council to energize exports

The government announced it will form the Myanmar Trade Development Council in 2015 in a bid to promote exports, according to a report from the International Trade Center (ITC).

At present, the German International Cooperation Agency led by the Development of Export Department under the Ministry of Commerce, is providing cash assistance for the National Level of Trade Development Strategy that is being drawn up by experts from the International Trade Center, together with local private societies. 

The five-year, long-term national strategy will involve four phases, including the Pre Engagement Phase, Inception Phase as well as Design Phase and Implementation Management Phase.

Of these, three phases have already been completed.

“According to the market demand, the strategies leading to export development and development for capabilities of exports are one of the Public-Private Dialogues that to be jointly drawn by the government, private and civic societies,” said Lin Naing Oo from the ITC.

Similarly, the Ministry of Commerce is now drawing up three projects to help boost Myanmar’s trade sector.

Moreover, the ministry is also carrying out several projects with international assistance, including the Enhanced Integrated Frame Work-EIF, National Export Strategy-NES and National Trade Facilitation Implementation Plan-NTFIP.

source: Eleven Myanmar
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