December 19, 2016

Breaking News

Myanmar plans to export valued-added furniture worth $100m within next five years

Wood-based products being displayed at the 4th Myanmar International Furniture Expo.
Wood-based products being displayed at the 4th Myanmar International Furniture Expo.

EFFORTS are being made to export at least US$100 million worth of valued-added furniture made from wood, rattan and bamboo to foreign countries within the next five years, said U Kyaw Thu, chairman of the Myanmar Rattan and Bamboo Entrepreneurs Association.
Annually, the association exports those finished goods for no more than 50 US dollars to its partner countries.
“The collection of good-quality raw materials plays an important role in manufacturing valued-added products. The government should erase some restrictions to help export businesses run more smoothly.” U Kyaw Thu said at the opening ceremony of the 4th Myanmar International Furniture Expo at Yangon’s Tatmadaw Convention Hall.
Currently, finished furniture product made from wood, rattan and bamboo in Myanmar have been sent to New Zealand, Australia, European countries, South Africa and the U.S.
Among regional countries, the annual export value of furniture from Vietnam reached US$5 billion, followed by Indonesia and Malaysia.

 

Myint Maung Soe

Comments

Related posts

Translate »