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

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A Brief Backdrop of Myanmar

References: IMF, World Bank, ITC, WTO, May 2015

 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.

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Opportunities and Challenges

References: Asian Development Bank, May 2015

 Myanmar is a country rich in jade and gems, oil, natural gas and

• ther 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.

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Population & GDP for ASEAN nations 2014

References: IMF, World Bank, ITC, WTO, 2015

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

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Myanmar’s Main Merchandise Exports

References: World Trade Organization 2015

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%

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Myanmar’s Main Merchandise Export Destination

References: World Trade Organization 2015

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%

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Myanmar’s Commercial Services Exports

References: World Trade Organization 2015

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%

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Myanmar’s Main Merchandise Imports

References: World Trade Organization 2015

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%

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Myanmar’s Main Merchandise Imports Origin

References: World Trade Organization 2015

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%

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Myanmar’s Commercial Services Imports

References: World Trade Organization 2015

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%

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Key Strengths & Opportunities

References: Asian Development Bank, May 2015

 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.

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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.

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Thank you for your Attention

Session By Professor Poh

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