Boosting Myanmar’s Fishery Sector for Exports

Perspectives

Myanmar is endowed with vast fishery resources in its coastal waters, rivers and inland lakes. Myanmar’s re-emergence in the world of commerce offers exciting opportunities to address the issues of sustainability and conservation, as well as to boost its export potential.
According to data provided by the Department of Fishery (Yangon region), the country has earned US$535 million through the export of marine products in the 2017-2018 fiscal year.
In the latest report of the Department of Fishery, the export of marine products reached $535 million, registering an increase of more than $97 million compared with last year, through the export of 38,000 tonnes of products. The export value is expected to reach up to $700 million in the remaining three months of the 2018-2019 fiscal year.
Fishery exports are expected to generate some $1,000 in the 2018-2019 fiscal year, if the government and businesses cooperate to increase productivity, as well as the product quality.
Myanmar’s fishery products are shipped to many markets, including China, Hong Kong, Japan, Korea, the Middle East, Europe and the United States. However, exports to Western countries are still limited, due to their high food safety standards.
The fishery sector is regarded as one of the most important sectors that can contribute to domestic consumption, as well as generation of national income.
All possible ways and means should be used to increase the productivity of value-added fishery products, such as local dried fish businesses, and encourage the establishment of canneries and fish-ball factories across the nation. It can help Myanmar achieve the desired export earnings from marine products. The fishery sector is important for the social and economic development of the country, as fish is consumed by the population at most meals.
Currently, the Department of Fishery provides the
necessary assistance and technology that can bolster the
export volume of the country. Moreover, a law or a bylaw is needed to tackle the land problems faced by fish and prawn farmers.
The Department of Fishery is producing fish and shrimps in more than 400,000 acres of ponds across the country. With the aim of producing enough for the consumers and increasing exports, the Department of Fishery is supporting the livestock sector by providing technology, investments and other equipment to fish and shrimp breeders, in cooperation with the Myanmar Fisheries Federation Association.

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