In order to develop the fishery industry, Myanmar government is planning a fish auction market and development zone in southern coastal city of Dawei in Tanintharyi Region

Myanmar is plan­ning a fish auc­tion market and a development zone in southern city of Dawei in Tanintharyi region where an economic zone and a deep-sea port project are underway, Myanmar News Agency reported Monday.

The goal of Thay­etchaung fish market pro­ject involves acquiring technology related to fish­ery business and produc­tion of finished goods of international standard for internal and international distribution, Second Vice President U Henry Van Thio said during an in­spection trip to the eco­nomic zone Sunday.

Project design in dif­ferent stages is being in­vited and environmental conservation measures to protect fish resources are also being sought.

The vice president called for creating job opportu­nities, electricity and wa­ter supply for the regional development and fishery export.

Myanmar government is striving to develop its fishery industry, inviting foreign technical assis­tance.

Cooperating with non-governmental organiza­tions, the Fishery Depart­ment is also developing a marine conservation area in southern region of Taninthayi.

The country exported over 600 million U.S. dol­lars' marine products in last fiscal year 2016-2017.

According to official statistics, foreign direct investment in the coun­try's livestock and fisher­ies sector amounted to 574.175 million U.S. dol­lars as of October 2017 since late 1988 when the country opened to such investment. Xinhua

(Myanmar Business Today: https://www.mmbiztoday.com/articles/myanmar-plans-fish-market-southern-coastal-city )

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