ZCZC
BCN-14
MYANMAR-EXPORT-IMPORT-TRADE-BALANCE
Myanmar VP calls for export promotion, import regulation for trade balance
YANGON, Aug. 26, 2018 (BSS/Xinhua) – Myanmar’s Vice President U Myint Swe
has called for efforts to promote export and manage import regulation for
trade balance in the country, the official Global New Light of Myanmar
reported Saturday.
The vice president stressed the need to boost export of marketable domestic
goods and reduce import of goods excluding essential commodities at a Friday
meeting between the private sector development committee and entrepreneurs.
U Myint Swe called for joined efforts with local small-and-medium
enterprises for import substitution and imports of goods under regulations to
see trade balance in the country.
Private sector takes up over 80 percent of Myanmar’s total trade value.
According to official figures, the country’s total foreign trade has
reached 13 billion U.S. dollars, of which the private sector accounted for
85.47 percent as of Aug. 10.
BSS/XINHUA/HR/1150