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Myanmar situated in Southeast Asia and covers a total land area of 678,500 sq-km, one of largest mainland country of the region bordering with Bangladesh, India, The People’s Republic of China, Lao and Thailand.
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LOCATION & AREA Situated in the Southeast Asia Mainland Area 676,577 sq-km Seven states & Seven Divisions International Boundaries; Bangladesh, India, China, Laos, Thailand. Population Over 56 million with an annual growth rate of 1.84%. Race 135 (major 8 races) GDP Over US $ 22 billion Per Capital GDP Over US $ 400
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Economic reforms practicing liberalization, decentralization, privatization measures. The dominant market and trade reforms are as follows; –Opening of market and trade. –Private sector’s participation on international trade. –De-control of price. –Abolishment of state procurement system. –Establishment of border trade department. –Resumption of UMFCCI in line with market oriented system.
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No government intervention. Free market mechanism. Mostly private sector handling. About 57.5 million population & good market potential. Huge local market.
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Yangon Mandalay Mawlamying Magawe Taungyi Monywa
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To export all exportable products and penetrate various foreign markets To effectively utilized human and natural resources and penetration of foreign market not only with traditional exports but also more value added commodities.
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The export volume increased by more than 40 times The import volume by more than 12 times Trade value increased from about US 400 million dollars in 1988-89 to US 11.32 billion dollars in 2008-09 accounting more than 25 times
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Foreign trade sector performs the highest growth rate – Main Export Items natural gas, garments, beans and pulses, some horticultural crops etc… Main Import Items all essential items & capital goods
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Fiscal Year ExportImportBalance (million US$) *2000- 0115692291-695 *2001- 0224392632-193 *2002- 0330632300763 *2003- 0423572240117 *2004- 0529281973955 2005- 06355819841574 *2006- 07522329282295 *2007- 08641333443069 2008-09678445442240 IMF, International Financial Statistics (1952, 1956, 1960, 1966); World Bank, World Data Series (1995), base year = 1980, *Ministry of Commerce, Yangon, Myanmar (at official rate of exchange). Myanmar's Economic Development, 2006, MNPED.
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CSO, Selected Monthly Economic Indicators, February: 2009.
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Export Items Value (Kyat Million) Gas12995.6 Beans & Pulses3419.4 Garment1417.9 Teak1030.3 Hard Wood988.9 Fish & Fish Products871.9 Fresh & dried prawns440.0 Rice704.3 Base Metal & Ores128.9 Sesamum seed160.7 Raw Rubber110.0 CSO, Selected Monthly Economic Indicators, February: 2009.
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from about US 200 million dollars in early 1990s to US 1.36 billions dollars in 2008-09 Increased of more than 6 times
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The largest exports to: Thailand India, China and Singapore The main imports from: - Singapore - China, - Thailand, - and India
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Economic sanction since 2003 Difficulties to find new market Difficult to respond to international demands Banking constraints.
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10% export tax reduce competitive power Lack of financial support for trade Inefficient banking system Over valued exchange rate Frequent policy changes Negative impact of eco sanctions Global financial problems
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Agricultural products and resource based products natural gas, the top export item beans and pulses, the main agricultural export crops (second largest exporter) maize, sesame, soybean, rubber; horticulture crops, a good potential for future Fishery products Mineral products
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Strategic location - located between South Asia & Southeast Asia - between most populous countries (China & India) - Trade, Tourism, Transport, Market, etc… can be expanded.
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