With the help from the United Nations, Myanmar’s Ministry of Commerce will draft its first ever a 5-year strategic plan aimed at boosting export, Tint Thwin, Deputy Director of the Directorate of Trade, said.
He said that the government told the
ministry to come up with a strategic plan as only a few export products
from Myanmar can penetrate the international markets, and the local
exporters are also weak in market researches.
“Lack of export plan causes many
weaknesses in the sector. In a developing country, it is normally
required to formulate strategies for searching potential export
commodities. As, it was however failed to do so at the times of previous
socialist government and military regime, people thought locally and
did locally,” Tint Thwin said.
The UN’s International Trade Centre will
help to draft the strategic plan, and there will be detailed discussion
with them, he added.
Myanmar is currently rely on a few key
export products such as natural gas, rice, teaks, beans, pulses, sesame
seeds, gems, fish, and shrimps. The export plan will try to search new
potential export products, and expand the markets for existing products,
a director from ministry of commerce who asked not to be named said.
source: Eleven Myanmar
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