Wednesday, 18 June 2014

Myanmar Trade Centre reopens after decade-long closure

The Myanmar Trade Centre will resume its operations and local businesses are expected to lease exhibition and meeting venue, Directorate of Trade, Ministry of Commerce, said yesterday.

The MTC was shut down following a bomb explosion in May, 2005. Its reopening is slated for later this month.

Business operators can lease the MTC for showcasing export-import products and other merchandise. They can also organise seminar, meeting and set up offices.

The trade experts are in the process of mapping out the strategy to enhance Myanmar’s export sector under the supervision of Commerce Ministry. The push is being financially supported by Germany Society for International Cooperation.

The National Export Strategy is expected to complete in five years, covering four phases – pre-engagement, inception, designing and implementation management.

The NES is the joint efforts by the government and civil society organisations, according to the MTC’s report.

At present, three of four NES phases have been finalised. The government is scheduled next year to organise the Myanmar Trade Development Council, tasked for the phase four of the NES.

The ministry has been operating three related projects under foreign assistance. The projects are Enhanced Integrated Framework, National Export Strategy and National Trade Facilitation Implementation Plan.

source: Eleven Myanmar
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