Therefore, Myanmar’s total trade volume from October to March this year amounted to US$ 17002.40 million, resulting in a trade deficit of US$ 590.24 million, according to the monthly export and import report released by the Central Statistical Organization.

CHINA is importing sugar from Myanmar only in the form of syrup as the refined sugar produced here does not meet its quality standards, said Dr. Than Myint, the Union Minister for Commerce.

As Myanmar’s farmed fish is now allowed for exporting to the European Union, breeders are preparing to follow requirements to ensure Myanmar fishery products meet the regulations of importing countries, including the European Union (EU), according to the Myanmar Fisheries Federation (MFF). To ensure the safety of all food, the European market requires suppliers to have Hazard Analysis and Critical Control Points (HACCP) and Good Aquaculture Practice (GAqP) certificates. Myanmar has only a small number of entrepreneurs who hold those certificates, so, fish breeders are preparing for this.

Although the Yangon automotive market remains busy, particularly with Suzuki Ertiga cars assembled locally in Myanmar, new imported cars are not selling very well.