Implementation of Myanmar’s National Export Strategy (NES) is set to begin in October, according to the Ministry of Commerce (MOC).
“The draft is finished and the final version will be released in October,” Dr Maung Aung, an advisor to the ministry, said.
The formulation of NES has taken place in four phases, which consist of pre-engagement, inspection and sector selection, design and implementation – whereas the implementation phase is expected to be carried out soon.
At each phase, the president’s office has been consulted for the necessary approvals and comments. The strategy and planning is now almost finished and will soon be disseminated to supporting donors and experts from each sector involved.
“The NES is connected not only with the Ministry of Commerce, but is intended to be connected to the whole country. It aims to improve export quality and management, and requires a lot of preparation from the private sector,” Daw Thidar Win Htay from the Department of Trade Promotion told Myanmar Business Today.
Two years ago, the International Trade Center and the MOC, along with the support of German International Cooperation (GIZ), jointly started preparing the strategy.
“We have read the draft. It is really comprehensive and will provide many benefits,” U Bar Bar Cho, joint secretary of the Myanmar Timber Merchants Association, told Myanmar Business Today.
NES prioritises three main sectors of agriculture, manufacturing and services, and aims to promote six key goods for export, which include rice, pulses and oil seeds, wood products, garments, rubber and fishery products, as well as tourism.