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Myanmar earns US$340 M from fishery exports February 17,2020   |  Source: Eleven Myanmar

Myanmar is earned over US$340 million from fishery exports from October 1 to January 31 in this fiscal year and it is more US$48 million in compared with the same period in last fiscal year, according to figures from Ministry of Commerce. At present, Myanmar is needed tenfold or more to reach the amount of fishery export made by neighbouring countries. The exporters need to advance their breeding techniques instead of fishing naturally, according to the fisheries department.

Myanmar will cooperate with technicians from Indonesia, Taiwan and China to build fish food factories, cold-storage factories and modernized factories to earn US$3 billion from fishery sector, said Htay Myint, Chairman of Myanmar Fisheries Federation. It can create 100,000 job opportunities and Ministry of Planning and Finance will give loans to buy land to build the factories and fish and prawns. The high priority sectors in 2020-25 national export strategy are farming products, food production, garment and textile, industry and electrical appliances, fishery, forestry products, digital products and services, logistics, quality control, trading, information services and entrepreneurial sectors.

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