A increasing demand for rice from abroad has led the price of paddy rice in Myanmar to grow 25.84 percent over the past year as recently acquired duty-free access in other countries is expected to drive exports further in 2014.
The Myanmar government has agreed to set up the country’s first wholesale fruit and vegetable markets in an effort to bolster trade with neighbouring countries as well as to satisfy increasing demand from China.
An energy watchdog group set up to scrutinise the exploitation of Myanmar’s natural resources has announced it will initially concentrate on the “most problematic and profitable” sectors – oil, natural gas and mines.
Within a special economic zone (SEZ), the management committee can demarcate “exempted zones” and “promotion zones”. Businesses in an exempted zone have to manufacture primarily for export.