15 March 2019
The first stakeholders’ symposium for updating the National Export Strategy (NES) was held on 15th March at UMFCCI in Yangon with the attendance of Vice President U MyintSwe.
The Symposium marks the start of an inclusive process that will result in the NES 2020-2025 later this year, aimed at boosting Myanmar’s Export performance in the global economy. The NES is originally designed by the Government in 2015. The public and private sector stakeholders collaborated at the symposium to discuss the current state of Myanmar’s export performance and key topics that the NES 2020-2025 will address.
Chairman, UMFCCI, Zaw Min Win said “This symposium is a great platform for public and private stakeholders to discuss opportunities for Myanmar export development within the fast-paced transformation of the global economy. It’s also an occasion to look into current challenges relating to the performance of Myanmar’s export, including a strong export and policy framework to support growth.”
The NES 2020-2025 will set out specific priority actions and investments to address competitiveness constraints, modernize regulatory systems for improved efficiency, and boost Myanmar industries in order to increase exports. An initial diagnosis of trade performance, and institutional and enterprise level dynamics was generated.
Furthermore, key national bottlenecks for export development were identified and the NES vision and strategic orientations were reaffirmed. The symposium is initiated by the Ministry of Commerce and supported by the Trade and Investment Project, which is implemented by the International Trade Center and funded by the United Kingdom’s Department for International Development.