English     |     Español     |     Français
Exporting to Canada - Experts in trade for developing countries - TFO Canada
Sign In or Register
Username:     Password:
Remember me   Forgot password?
Not a member? Register here
Not a member? Register here    
Home > About TFO Canada > News

Trade News

Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.


Myanmar launches new export strategy

Thursday, April 02, 2015 > 11:11:55

(Asia One)

Myanmar has launched its first coordinated export strategy, aiming to spur growth in its vast rural economy, cut its dependence on hydrocarbon sales and boost shipments to Europe and the US

The plan, unveiled March 25, could speed up Myanmar's reintegration into the global economy after decades of isolation. The country's exports plummeted under Western sanctions.

Since the formation of a nominally civilian government in 2011, Myanmar has actively courted foreign investment; political reforms have led to the suspension of most Western sanctions and the restoration of foreign aid.

The new National Export Strategy aims to capitalise on these developments by focusing on seven key areas: rice, beans and pulses, forestry products, fish and crustaceans, rubber, textiles and garments, and tourism. The country will focus on increasing exports to the US and Europe. The strategy also includes measures to help the private sector benefit from the changes by improving the competitiveness of small and medium-size enterprises and their access to better financing.

Myanmar's export industries have significant growth potential. In 2012, overseas sales made up just 10 per cent of gross domestic product, compared with around 70 per cent for similar-sized neighbours Thailand and Vietnam, according to World Bank data.

Contact TFO Canada
Meet Our Supporters
TFO Canada
130 Slater Street
Suite 400
Ottawa, Ontario
T 1.613.233.3925
F 1.613.233.7860
Canada Toll-Free:
© TFO Canada   |   Sitemap   |   Terms & Conditions   |   Privacy Policy   |   Contact Us