Trade exceeds target despite pandemic
Despite nearly a year of uncertainty, Myanmar’s trade volume has managed to weather the COVID-19 pandemic relatively well, according to Minister of Commerce U Than Myint. In a meeting held this week, the minister claimed Myanmar’s trade tFishery industry expected to rake-in up to USD 1 billion this FY
According to Ministry of Commerce data, over USD 680 million has been earned from fishery exports to over 40 countries, including China and Thailand, since the start of the current fiscal year in October 2019. The total earnings exceed by USD 100 milIllicit trade valued at over USD 6.4 billion per year
Myanmar’s illicit trade stands at USD 6.4 billion. During the first-ever Illicit Trade Forum held on February 3rd and 4th in Geneva, U Than Myint, the country’s minister of commerce, said that this figure is still “just the tip of the iMinistry of Commerce: exports up 36% YoY
The MOC’s efforts to boost the countries’ export seem to start paying off. According to their most recently released data, exports were up 36% this fiscal year, from October to December, compared to the same period last year, totaling USDParliament approves merger of ministries of Industry and of Planning and Finance
In a divisive vote between USDP and NLDP, the Pyidaungsu Hluttaw has approved the merger of the Ministry of Industry (MoI) and the Ministry of Planning and Finance on Tuesday. Initiated by the NLDP, the bill faced the opposition of the USDP, which ha
