Thursday, 10 July 2014

Farm exports top US$500 million

Myanmar has received over US$513 million in the agricultural exports between April 1 and June 20, according to the Ministry of Commerce.

Exports include rice, peas, beans, corn, rubber, onion, garlic and various kinds of fruits, much of it sold to Chinese buyers through border trade.

The amount is only slightly lower from the US$540 million earned during the same time last year. Statistics up until the third week of June show Myanmar’s overall export income amounted to US$1.9 billion.

Plans are underway to boost the country’s exports, including drafting a National Exports Strategy, the establishment of the Myanmar Trade Centre (MTC) in Yangon, according to the Ministry of Commerce.

The plans to establish more MTC branches in Mandalay, Taunggyi, Monywa and Pathein are also underway. The MTC provides local and international trade information to proprietors and small businesses.

source: Eleven Myanmar
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