Myanmar to emphasise on raw material processing for export

Commerce Minister U Than Myint said that while foreign trade appears to be set to resume, the general upward trend of the past five years’ efforts will be made to change in the range of imported goods. He added that he wishes to see the country producing and importing raw materials to be processed for export.

Over recent years there has been a surge in imports of construction materials driven by demand for buildings by foreign investors. Myanmar’s aim is to focus on boosting agricultural exports and value-added manufactured goods.

To make this a reality, Mr Myint said it may be necessary to amend some laws and regulations to make exporting easier.

Source: ITTO