The current resource development in Myanmar

A country with potential

For a very long time Myanmar has been a country who has been in economic and political isolation. However this situation are changing because today there are indications that economic growth is increasingly possible in this region. Myanmar could very well turn out to be one of the most spectacular performers in the Asian region if they could find a way to optimize its resources. There are a few areas which has been identified as the most viable options such as the strategic geographical location which Myanmar enjoys between some of the emerging giants in the region and many people are in agreement that Myanmar will also benefit from the current integration process in Asia. The population of Myanmar are increasingly youthful and this provides Myanmar with an effective labor force which are likely to attract foreign investment.

Valuable resources

Myanmar actually possesses various types of natural resources and it has a reasonably competitive agricultural development program. Then they have the ability to generate renewable energy and in particular hydropower. Myanmar are becoming increasingly popular for the foreign investor because of the investment opportunities which exists in various sectors such as telecommunications and also in the tourism industry. In order to make the best of the available resources it is vital that effective long-term planning be done in order to ensure that the current sources remain sustainable and that they will continue to provide benefits to this country.

Currently Myanmar is still a very poor country

Regardless of all the potential which exists in Myanmar it is still one of the very poorest countries in the Asian region and the government will have to overcome many challenges in order to bring about real and lasting change. Although this situation are no longer as desperate as it used to be in previous decades a lot of work has to be done in order to sustain the current development momentum. This is exactly why it is necessary to do an accurate analysis of the available resources in Myanmar and then to devise a long-term plan that will ensure maximum growth that can be maintained over many decades thereby allowing Myanmar to develop as much as possible and to become a serious competitor with in the Asian region.

Myanmar is receiving a lot of attention

In 2011 a special report has been released where in most of the opportunities which are available in Myanmar have been thoroughly investigated. It was during this time that the country initiated some significant economic and political reforms and that is why the 2011 report endeavor to examine the strengths and weaknesses of Myanmar and to determine the specific risks and other challenges which will have to be considered when an investment in Myanmar is considered. It has however become abundantly clear that there are many opportunities and with a substantial investment very lucrative profits may be possible and the rewards of such an investment could possibly be extended over several decades. It may however be best to partner with local entrepreneurs which are more familiar with the opportunities that exists in Myanmar. Read more!

Export Commodities of Pakistan

Exports have decreased in 2015

There have been a slight decrease in Pakistani exports during 2015 when compared to statistics which have been gathered in 2014. This follows on the excellent levels which has been a reached in 2013 which was the year in which the highest level of exports has been recorded in the history of Pakistan. All of these export statistics are updated regularly by the Pakistan Bureau of statistics.
Pakistan are exporting many commodities and goods among which are mineral fuels, various types of manufactured goods as well as beverages. Other exports include live animals as well as various kind of food types and also chemicals and other crude materials. The largest export partner of Pakistan is still the United States followed by China and UAR.

There has been a significant increase in the volumes of Pakistan’s basmati rice exports. This is good news after the export of rice has taken a substantial dip earlier in the year because of various factors such as poor marketing, and lower prices which was charged for equivalent products in India and also because of increases in prices of rice in Pakistan. There are expectations that exports can further increase because the price difference between Indian rice and those which are produced by Pakistan has narrowed significantly making Pakistani rice more attractive to importers of this product.
Another very important export product of Pakistan is spices and there are many producers of various kind of spices in Pakistan that are exporting their products on a continuous basis. The same thing is true for all fruit related products as well as the dried fruits as well as peanuts, almonds, and various other nut products.

Pakistan also export raw cotton and other textile products such as cotton yarn. Various kinds of leather and products which is being manufactured from leather are continuously exported. There are also excellent manufacturers of carpets and rugs and a very large quantity of tents are also manufactured in Pakistan which are being export to foreign markets.

Pakistan is also an exporter of surgical instruments as well as synthetic textiles and even various kinds of sporting equipment. There are also many manufacturers of ready-made garments which contribute handsomely to the overall export scenario of Pakistan. Various type of food related products such as fish, fruit and even vegetables are continuously exported as well is various types of engineering goods and also pharmaceutical and chemical products.

Although Pakistan has an open policy which allows for trade with many different countries it is a well-known fact that their major export destinations is still the US, Japan, Germany, the UK and Hong Kong. Almost 30% of all Pakistani exports find their way to the US. The next biggest partners is Germany and the UK. Exports to Japan has been declining in recent years and are now contributing to any one percent of the total exports of Pakistan which is significantly lower than the 5.7% of a decade ago. There is widespread agreement that in order to ensure more vigorous growth Pakistan will have to diversify both in terms of the markets with whom they deal with and also in terms of the commodities which are being exported.



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