As Myanmar starts leaping down the path of economic development, many around the world are getting excited.
Fish farmers are beginning switch to different types of fish to boost farm yields, said Daw Toe Nandar Tin, vice chair of the Myanmar Fisheries Product Processor and Exporter Association.
The United States Treasury Department granted a special one year licence beginning in late July for certain US companies to trade with Myanma Timber Enterprise and other members of the timber industry currently under sanction by the United States.
Customs investigators uncovered more than 50 violations of import-export licence regulations at the country’s major air and sea ports in July. Officials of the Illegal Trade Prevention and Supervision Control Committee said the cases involved the importation of unlicensed goods, or goods not covered by an existing licence.
Natural gas is now being exported from the Zawtika offshore site to Thailand, company officials said on August 5.
Local companies ought to eye opportunities to supply large American multinationals with the goods and services they need to invest in the region, according to US-ASEAN Business Council president Alexander Feldman.