27th February, 2013

MICC, Nay Pyi Taw, Myanmar

Contents

1. Basic Principles and Objectives2. Foreign Trade Relations 3. Trade Patterns and Direction of Trade4. Export and Import Policies5. Trade Facilitation Activities 6. Foreign Trade of Myanmar7. Myanmar-USA Bilateral Trade8. Needs

1. Basic Principle of Trade

- Trade activities should be aimed at the interest of the State and the people- Trade activities should not be a burden to the people- Trade activities should be aimed at structuring a long- term viable trading system rather than to gain short-term profit

Objectives of General Trade Policy

- To implement trade policies systematically for proper evolution of the market-oriented economic system- To promote the export of various domestic products for export promotion- To carry out the promotion of trade not only through overseas trade but also cross border trade

Objectives of Foreign Trade Policy

- To increase trade volume- To encourage private sector development in accordance with the market- oriented economic system- To expand market shares for Myanmar products in the world markets through collaboration with international organizations- To provide support and necessary assistance for trade facilitation

2. Foreign Trade Relations of Myanmar

- Member of WTO- Member of ASEAN, BIMSTEC, GMS, ACMECS- Bilateral trade agreements with Bangladesh, China (PRC), India, Korea (ROK), Lao PDR, Malaysia,

Pakistan, Philippines, Thailand and Vietnam.

3. Trade Patterns

-Myanmar is mainly an exporter of agricultural and primary products-main export items are agricultural products, fishery products, forest products, metals & minerals inclusive of natural gas, precious stones & pearls and some industrial products-major import items are capital goods, industrial raw materials, spare parts and consumer goods.

Direction of Trade

Currently, Myanmar Foreign Trade is mainly with Asian countries of China (PRC), Thailand, Singapore, India, Japan, Korea (ROK), Indonesia, Malaysia and Hong Kong.

4. Export Policy of Myanmar

To extend and explore the foreign markets by utilizing the natural and human resources effectively and efficiently and also to promote the export of traditional and value- added products.

Import Policy of Myanmar

To allow to import the commodity given priority as capital goods required by the State, raw materials for production, other important essential goods and the goods which support to the public health and export promotion.

5. Trade Facilitation activities

-After taking over the State power by new government in April, 2011, new government is carrying out a lot of reformed measures in all sectors including trade sector.-Since trade facilitation is the important feature for smooth flow of international trade, new government has made liberalization activities in order to facilitate the trade matters. Those activities included: (i)Some important commodities such as fuel oil, edible palm oil are allowed to import, which were restricted to import by private sector previously. (ii)motor vehicles are also allowed to import to any citizen of Myanmar and private company to use for individual and business purpose respectively. (iii)Some important agricultural products of edible oil, edible oil seeds, onion and rice are also allowed to export to private sector, which were prohibited to export in the past. (iv)Commercial tax on proceed of export earnings were abolished. (v) export/import licenses are issued at both Yangon and Nay Pyi Taw offices rather than issued at Nay Pyi Taw office only . (vi)Reduce required documents which are necessary to attach with application for licenses.

6. Foreign Trade of Myanmar(From 2009-2010 to 2011-2012)

A/U - US $ Million

Sr. No.

Fiscal Year

Export Import Volume of Trade

Balance of Trade

1. 2009-2010 7586.94 4181.40 11768.34 (+) 3405.54

2. 2010-2011 8861.01 6412.73 15273.74 (+) 2448.27

3. 2011-2012 9135.60 9035.06 18170.66 (+) 100.54

Myanmar’s Foreign Trade by Commodity(From 2009-2010 to 2011-2012)

A/U - US $ Million

Sr.

No.

Description

FY 2009-2010 FY 2010-2011 FY 2011-2012 Remarks

1. Export 7586.94 8861.01 9135.60

(a) Agricultural Products 1678.36 1800.39 2372.98

(b) Animal Products 24.15 93.77 92.90

(c) Marine Products 466.90 498.61 705.93

(d) Mineral Products 1017.75 2274.07 897.06

(e) Forest Products 561.52 644.70 643.85

(f) Manufacture Goods

(inclusive of natural gas)

3238.90 2907.95 4007.81

(g) Others 599.54 641.51 415.08

2. Import 4181.40 6412.73 9035.06

(a)Capital Goods 1530.53 2480.68 3843.31

(b) Industrial Raw Materials 1635.98 2628.97 3451.05

(c) Consumer Goods 1014.89 1303.08 1740.70

3. Total 11768.34 15273.74 18170.67

7. Myanmar - USA Bilateral Trade (From 2009-2010 to 2011-2012)

A/U - US $ Million

Sr. No.

Fiscal Year

Export Import Volume of

Trade Balance of

Trade

1. 2009-2010 2.562 18.503 21.065 (-) 15.941

2. 2010-2011 2.207 59.474 61.681 (-) 57.267

3. 2011-2012 29.447 263.624 293.071 (-) 234.177

Myanmar – USA Bilateral Trade by Commodity(From 2010-2011 to 2011-2012)

A/U - US $ Million

Sr.

No.

Description

FY 2010-2011 FY 2011-2012 Remarks

1. Export 2.207 29.447

(a) Agricultural Products 0.033 0.181

(b) Animal Products - 0.012

(c) Marine Products 0.421 5.534

(d) Mineral Products - -

(e) Forest Products - 0.061

(f) Manufacture Goods 1.239 8.211

(g) Others 0.514 15.448

2. Import 59.474 263.624

(a)Capital Goods 31.536 137.623

(b) Industrial Raw Materials 7.677 109.399

(c) Consumer Goods 20.261 16.602

3. Total 61.681 293.071

Some Top Items of Myanmar Products exported to USA ( From 2010-2011 to 2011-2012) A/U - US $ Million

Sr. No.

Commodity FY 2010-2011 FY 2011-2012 Remarks

1. Garment 1.239 8.211

2. Prawn 0.055 0.247

3. Black Matpe - 0.083

4. Toor Whole 0.010

5. Green Mung Beans 0.033 0.087

6. Plywood - 0.056

7. Fish 0.366 5.287

Some Top Items of imported products from USA to Myanmar (From 2010-2011 to 2011-2012) A/U –

US $ Million

Sr. No.

Commodity FY 2010-2011 FY 2011-2012 Remarks

1. Motor Vehicles & Spare parts

3.057 6.641

2. Pharmaceutical 2.766 3.822

3. Wheat Seed 2.031 7.658

4. Electrical Equipments

1.235 4.771

5. Steel & Steel Products

0.797 92.726

6 Plastic Raw Materials

0.675 1.491

7 Aero-plane & Spare parts

0.656 22.248

8 Machine & Machinery

22.608 -

9 Ship & Accessory - 79.082

8. NeedsMyanmar is making continuous reformed measures and trying to

build a modernized and advanced democratic countries in the

future.

To enable to support it, we do hope to receive all kinds of

assistances from western countries which have relaxed the

sanctions and also from other developed countries, interested

nations and international organizations. We really need all kinds

of assistances in all possible ways such as financial assistance

(aid, grants, loans), technology know how and technical

assistance & capacity building activities so as to build up all

round development of the country.

Thank you for your kind attention!