Myanmar looking to boost its furniture manufacturing industry

At a recent meeting with Vice President U Myint Swe, Union planning and finance minister U Kyaw Kyaw Win reported that as a first step in reversing the 25-years decline in the furniture manufacturing sector in the country, ways need to be found to ensure the sector has access to a sustained supply of timber raw materials.

He also reported that currently there are only three locally owned furniture plants in the country, down from around 30, a decade ago.

Because prices for domestic logs are so high, driven up by demand in international markets, many furniture makers have to rely on informal and even illegal sources of raw material. A reliable and fairly priced supply of timber and tax incentives would go a long way to revive Myanmar’s neglected furniture industry, he said.

Source: ITTO