Myanmar Seeks to Increase Export Volume to Nepal

17 May 2018

The Governments of Myanmar and Nepal are planning to sign a Memorandum of Understanding to boost their economic ties and increase trade. Myanmar-Nepal bilateral trade reached approximately $8 million in fiscal year 2017-2018.

According to Myanmar Vice President U Myint Swe, Myanmar is seeking to increase its export volume to Nepal. Trade between Myanmar and Nepal is still quite low owing to cost of transport between the two countries.

Nepal started importing beans and pulses from Myanmar last year. Mr. Bhim K. Udas, Ambassador of Nepal to Myanmar, noted that demand for beans and pulses from Myanmar is on the rise in Nepal because of their quality and affordability.

The Myanmar Pulses, Beans, and Sesame Seed Merchants Association is eyeing to maximize this demand, and plans to send representatives to the Himalayan country to gain a better understanding of the market.

Myanmar will promote Nepalese products, such as carpets and tea, in the country, in return.

 

Related Links:

 

Nepal and Bangladesh are set to sign an energy cooperation agreement to oversee electricity trade between the two...

Read More


The Ministries of Foreign Affairs (MoFA) of Myanmar and Nepal have signed an MoU establishing a bilateral consultation...

Read More


The World Bank (WB) has recently released its latest figures for logistics performance. WB’s Logistics Performance Index (LPI)...

Read More


The Government of Nepal is awaiting Cabinet approval of the draft protocol of the Bangladesh-Bhutan-India-Nepal (BBIN) Motor Vehicle...

Read More


The Governments of Bangladesh and India are considering development of "border haats" (border markets) in six new locations...

Read More


The Asian Development Bank (ADB) is committed to supporting the development of India’s East Coast Economic Corridor (ECEC),...

Read More


The Government of Sri Lanka's Department of Commerce launched the Sri Lanka Trade Information Portal...

Read More