Chief Minister of Yangon Region Government promised the local businessmen to find the international markets for agricultural and livestock products

U Phyo Min Thein, the Chief Minister of Yangon, has promised local businessmen that he will help find international markets for livestock and agricultural products.

At a monthly meeting between local businessmen and the Vice President of Myanmar, the Chief Minister said: “Only the agricultural sector and livestock sectors can boost the country’s GDP. We are currently issuing Good Agricultural Practices (GAP) as a first step to make are agricultural and livestock products acceptable on the international market.”

The present government has already upgraded 4,000 acres of land in Yangon, spending some K8 billion in the process. The minister continued to say that the government will work with private businessmen to find reliable international markets for local products. At the current time, Myanmar is in talks with the governments of Yunnan and Beijing.

U Soe Win, the Union Minister of the Ministry of Planning and Finance, said: “We also have plans to provide loans with a longer grace period, and in larger amounts, based on the performance of the business. Up to now, as part of an effort to boost exports and reduce imports, Myanma Economic Bank and Myanma Agricultural Bank have been providing two-tier loans to farmers.”

Furthermore, the ministry is making sure that the use of fertilizers, insecticides, and herbicides all meet existing rules and regulations.

From April 2018 through June 2019, Myanma Economic Bank and Myanma Agricultural Bank have provided just over K93 billion for 4,538 enterprises in 107 townships.

(Myanmar Business Today: https://www.mmbiztoday.com/articles/yangon-chief-minister-promises-find-international-markets-agricultural-products )

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