Logistics and Business Development 27-29 November 2015 Opening - PowerPoint PPT Presentation

Workshop on International Trade Finance, Logistics and Business Development 27-29 November 2015 Opening Session By Professor Philip Poh 1

A Brief Backdrop of Myanmar  Myanmar became an independent nation in 1948  Following a military coup in 1962, Myanmar was ruled by a military government until 2011.  In 2011, the military junta was officially dissolved after the 2010 general election and a nominally civilian government was installed.  With the release of political prisoners, Myanmar has improved the country’s human rights record and foreign relations.  This has led to the easing of trade and other economic sanctions. References: IMF, World Bank, ITC, WTO, May 2015 2

Opportunities and Challenges  Myanmar is a country rich in jade and gems, oil, natural gas and other mineral resources.  But the country is currently one of the poorest in Asia and faces many challenges.  Myanmar joined ASEAN in 1997. Today Myanmar shows good potential for inclusive growth, after having emerged from 5 decades of economic and political isolation.  According to Asian Development Bank (2015), Myanmar could be the next rising star in Asia if it can leverage its rich endowment of resources. References: Asian Development Bank, May 2015 3

Population & GDP for ASEAN nations 2014 S/N Country Population GDP in $millions 1 Indonesia 4 252,812,245 16 888,538 2 Philippines 12 100,096,496 40 284,582 3 Vietnam 14 92,547,959 55 186,205 4 Thailand 20 67,222,972 32 373,804 5 Myanmar 24 53,718,958 71 64,330 6 Malaysia 43 30,187,896 35 326,933 7 Cambodia 69 15,408,270 115 16,709 8 Laos 106 6,894,098 135 11,772 9 Singapore 114 5,517,102 36 307,872 10 Brunei 175 423,205 112 17,257 References: IMF, World Bank, ITC, WTO, 2015 4

Myanmar’s Main Merchandise Exports S/N Commodity Group % Share 1 Fuels and mining products 43.8% 2 Manufactured products 29.5% 3 Agricultural products 26.5% Others 0.2% Total Exports of US$11,031 million in 2014 100% 5 References: World Trade Organization 2015

Myanmar’s Main Merchandise Export Destination S/N Country % Share 1 Thailand 41.7% 2 Hong Kong 21.1% 3 India 12.6% 4 China 6.2% 5 Singapore 3.6% Others 14.8% Total Exports of US$11,031 million in 2014 100% References: World Trade Organization 2015 6

Myanmar’s Commercial Services Exports S/N Commodity Group % Share 1 Travel 42.1% 2 Goods-related services 16.8% 3 Transportation 10.6% Others 30.5% Total Exports of US$2,204 million in 2014 100% 7 References: World Trade Organization 2015

Myanmar’s Main Merchandise Imports S/N Commodity Group % Share 1 Manufactured products 67.9% 2 Fuels and mining products 17.3% 3 Agricultural products 5.1% Others 19.9% Total Imports of US$16,226 million in 2014 100% 8 References: World Trade Organization 2015

Myanmar’s Main Merchandise Imports Origin S/N Country % Share 1 China 27.1% 2 Singapore 27.0% 3 Thailand 11.4% 4 Korea 6.1% 5 Japan 5.3% Others 23.1% Total Imports of US$16,226 million in 2014 100% References: World Trade Organization 2015 9

Myanmar’s Commercial Services Imports S/N Commodity Group % Share 1 Transportation 57.7% 2 Travel 7.9% 3 Other commercial services 34.4% Total Imports of US$1,456 million in 2014 100% 10 References: World Trade Organization 2015

Key Strengths & Opportunities  Large youthful population, that can provide an attractive labor force for foreign investment.  Rich supply of natural resources and inputs for agricultural development.  Potential of renewable energy, notably hydropower.  Investment opportunities in a range of sectors, including tourism and telecommunications.  Strategic geographic location between the region’s emerging giants and able to benefit from Asia’s integration. References: Asian Development Bank, May 2015 11

Key Topics covered  Trade Financing & Foreign Exchange Rules  Trade Facilitation and SME Link Platform  Uniform Rules on Demand Guarantees and for Bank Payment Obligation  International Trade Documentations & 2010 Incoterms  New International Standard Banking Practice  UN TIR Convention (Transports Internationaux Routiers – International Road Transports)  Myanmar Business Survey Analysis and Recommendation. 12

Thank you for your Attention Session By Professor Poh 13